GST

GST and Its Impact on The Common Man in 2021

GST and Its Impact on The Common Man in 2021

The Government of India launched a new taxation system, GST, that replaced all the previous taxes with Central and State GST. To understand "what is GST and its advantages and disadvantages," factoring in its impact on a common man is essential. Further, most of India's population comprises middle-class and lower-middle-class individuals from the service or agricultural sector for their basic living. Therefore, the economic impact is witnessed when the price of commodities increases or decreases. In the following section, individuals will find the positive and the negative impact of GST on a common man.  Read Also - The 10 Most…
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