Question

Answer in One Sentence:

What is GST?

Answer 1

GST means Goods and Service Tax. GST is one nation, one tax, one market.

Answer 2

GST is a unified indirect tax imposed in India on the supply of goods and services. It is a broad-based tax covering the production, sale, and consumption of goods and services at the national level. GST follows a consistent tax rate structure across the country and operates as a value-added tax.