GST the price of goods and services they
GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale andconsumption of goods as well as services at the national level. Its main objective is to consolidates all indirect tax levies into asingle tax, except customs replacing multiple tax levies, overcoming the limitations of existing indirect tax structure, and creatingefficiencies in tax administration. Therefore, GST is a broad based and a single comprehensive tax levied on goods and servicesconsumed in an economy. However, there is a huge opposition against its implementation. The entire nation is apprehensive aboutGST and its implications.Keywords: […]