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Write the features of Goods and Services Tax (GST).

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Write the features of Goods and Services Tax (GST).

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  • GST is a tax imposed on goods and services. 
  • It is an indirect tax. 
  • Taxes are levied at different stages starting from production to final consumption of goods and services. 
  • In each stage, the tax is imposed on the value-added. 
  • The tax paid in the earlier stages need not be paid by the final consumer.
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