Identify and explain the concept from given illustration.Jyoti purchas

1.	Identify and explain the concept from given illustration.Jyoti purchased furniture from mall and paid tax on it.
Answer» Concept: GST (Goods and Service Tax) Explanation : GST is a comprehensive tax base with nationwide coverage of goods and services. It came into effect in India from 1st July, 2017. It is a tax on goods and services. GST simplified the tax system in a country.

Identify and explain the concept from given illustration.Jyoti purchased furniture from mall and paid tax on it.

Answer»

Concept: GST (Goods and Service Tax)

Explanation : GST is a comprehensive tax base with nationwide coverage of goods and services.

It came into effect in India from 1st July, 2017. It is a tax on goods and services. GST simplified the tax system in a country.