Tax

GST : Part 1

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GST(goods & services tax)

GST (Goods & Services Tax) – The idea that there should be a single tax system in a country led to the emergence of the GST. Value-added tax (VAT) system was there before goods & services tax. In the VAT system, there were different types of taxes and different rates in different states. The central and state governments … Read more

Tax …

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what is tax- is a fee collected by the govenment

What is tax? Explanation – tax is a fee (financial charge) that the government collects from you. it is a legal payment taken by the government for the services it provides to us(public/citizens). What facilities does the government provide us for which we pay taxes ? The government can provide many such essential services with tax money. We … Read more