FINAL GST (GOODS AND SERVICES TAX) - PART 12

The GST is a comprehensive tax system that replaces multiple indirect taxes in India.

The GST is divided into four tax slabs: 5%, 12%, 18%, and 28%.

Certain goods and services are exempt from the GST, such as healthcare and education.

The GST has simplified the tax system in India and reduced the burden on businesses.

The GST has also increased tax compliance and revenue for the government.

However, there have been some challenges with the implementation of the GST, such as technical glitches and confusion over tax rates.

Overall, the GST has been a significant reform in India's tax system and has the potential to boost economic growth.