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The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government.
GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. State GST (SGST) which will be levied by State and Integrated GST (IGST) – which will be levied by Central Government on inter-State supply of goods and services.
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