Home
Class 11
ACCOUNTS
What is GST?...

What is GST?

Text Solution

Verified by Experts

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING FOR GOODS AND SERVICE TAX (GST)

    DK GOEL|Exercise PRACTICAL QUESTIONS|8 Videos
  • ACCOUNTING FOR GOODS AND SERVICE TAX (GST)

    DK GOEL|Exercise Problems based on missing information|3 Videos
  • ACCOUNTING FOR GOODS AND SERVICE TAX (GST)

    DK GOEL|Exercise Problems based on missing information|3 Videos
  • ACCOUNTING EQUATIONS

    DK GOEL|Exercise ADDITIONAL QUESTIONS|16 Videos
  • ACCOUNTING PRINCIPLES

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|26 Videos