Goods and service Tax or GST is all set to be a game changer for the Indian economy. The Idea behind implementing GST across the country in 29 states and 7 union territories is that It would offer a win -win situation for every one. It is expected to end multiple taxation, curb tax evasion, improve compliance, raise revenue, and stimulate investment and doing business in India easier. It is also expected to make exports from India competitive and India a preferred destination for foreign investment Since GST is a globally accepted tax.
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