Theme :-
- 1st July is GST (Goods & Services Tax) day. It’s been exactly a year since GST was implemented in 2017.
Aims of GST :-
- To simplify taxation process by replacing many taxes such as Service, Central excise tax
One year of GST
Tag: gst gd topic
Impact of GST on Banking sector
Background :-
- Goods and Services Tax, a strong taxation system was introduced on 1st of July in India.
- Every product including aerated drinks, tobacco products, gold etc that was being imported or exported across the country was now committed
Is GST beneficial for the common man?
Plus :-
- Basic food items prices aren’t increased. There is no tax on milk, pulses, wheat and rice.
- Prices of most of the daily essentials used by middle class people remain unchanged and prices of some daily essentials like soaps,
