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Click here to get an answer to your question goods and services tax act and its impact of gdp 2 economi project work 1.
Goods and services tax act and its impact on gdp project. Now there is only one tax rate for all which will create a unified market in terms of tax implementation and the transaction of goods and services will be seamless across the states. Answered goods and services tax act and its impact of gdp 2 economi. Economics project on goods and services tax gst for class 12th duration. To know about different gst softwares and its applications.
In a survey it was found that 10 11 types of taxes levied on the road transport businesses. Removes cascading effect of taxes. Gst positive impact of gdp. Goods and services tax is an indirect tax or consumption tax levied in india on the sale of goods and services.
Goods and services tax is set to be rolled out from 1st july 2017 and gst council in its meet in srinagar on 18th may 2017 decided on tax rates or 1211 items. It is found that 43 of 1211 items have put in 18 gst slab which is bound to make things cheaper 14 items have been brought under 5 gst slabs 17 items in 12 tax slab and rest only. To know about the impact of india s goods and services tax gst on its economy. Fahrezha9813 fahrezha9813 29 01 2020 economy secondary school 13 pts.
Goods and service tax gst. The same will reduce the cost of the transaction.
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