If John looks at his receipt, He'll see the actual price of the fridge before the tax was included. It is the producer with the device or product who collects the tax from the sale cost and pays it to The federal government. products and providers Tax (GST) is a single tax levied on goods and services from producing to intake, getting rid of all i… Read More

This resulted in a cascading influence of taxes. Under GST, the tax levy is only on the web worth included at Every phase of the provision chain. This has assisted do away with the cascading outcome of taxes and contributed towards the seamless circulation of input tax credits throughout the two items and providers. linked finance ecosystem for co… Read More