GST Goods and Services Tax solved problems Class X maths ICSE
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In this video I have discussed GST problems which is there in icse syllabus class 10. I have solved some basic problems to clear the concepts about GST and how GST works.
Goods and Services Tax (GST) is an indirect tax (or consumption tax) imposed in India on the supply of goods and services. It is a comprehensive multistage, destination based tax: comprehensive because it has subsumed almost all the indirect taxes except few; multi-staged as it is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer. As a destination based tax, as it is collected from point of consumption and not point of origin like previous taxes.