10 Lines Essay On GST In English For Students

  1. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
  2. It is comprehensive in nature and applied all over India.
  3. The main aim of this taxation system is to curb the cascading effect of other Indirect taxes.
  4. Goods and Services Tax (GST) is a single tax system.
  5. Its imposition takes place jointly by the center and the state.
  6. The imposition happens with the recommendation of a federal council.
  7. In GST, the goods and services are divided into five different tax slabs.
  8. The five tax slabs are 0%, 5%, 12%, 18% and 28% under GST.
  9. It brings uniformity in the taxation process.
  10. It has led to creation of a single national market, common tax base and common tax laws for the Centre and States.