Essay on GST

Let’s start the essay on gst…

Outline of the Essay

• Introduction- GST 
• The key feature
• Objective and conclusion

Introduction- GST

GST stands for goods and services tax which could be also referred to as an indirect tax, levied on the supply of goods and services. It is applied at every step of the production process. It is the government of India who levies this tax. Well, GST came into effect from 1st July 2017 by one hundred and first amendment of the constitution of India. 

Key Feature

The key feature of this system of tax is it follows a uniform tax rule for specific products, throughout India. It has replaced all the other forms of indirect state or central taxes, enhancing the uniformity of the market. 

The GST council of India is a governing body, it formulates the tax rates, and works with other similar regulations. It consists of a central finance minister as well as the finance minister of the states. 

Before GST, the goods were charged with 26.5% of tax (including all kinds of taxes), now it has gotten down to almost 18%.

The tax that is systematized by the GST is that it is paid by everyone at the ends of procedures that are into the manufacturing of a product. It is hence subsequently paid by manufacturers, wholesalers, retailers, etc. It is, in the end, the consumer that has to pay the burden of all taxes. He /she bears the final burden of the taxes. 

Objective and Conclusion

The main objective behind bringing GST- Goods and Services Tax into the system was to make the whole Indian market a uniform one. It has reduced the unnecessary tax burdens of different state and central taxes, and similarly, it is likely to appear as a more transparent system. 

Also by bringing small and medium enterprises, and other forms of organized sectors, GST leads to a more stable Indian industrial sector and might improve the economy.

Hope you loved this article. Your love and support is my motivation. Thank you so much. – Aditya sir

Aditya’s Books & e-Books

• Complete KIT (Lesson-wise Videos + Books + Charts) : CLICK HERE
• English Speaking Course Book: CLICK HERE
• Daily Use English Sentences Book: CLICK HERE
• FREE Android App (Lesson-wise Videos, Practice & Test): CLICK HERE
• All PDF eBooks: CLICK HERE
• English CHARTs: CLICK HERE

Aditya’s Trending Articles

• Aditya’s Journey (2003-2019)
• Students’ Queries & Aditya’s Answers
• Grammar & Spoken Topics
• English Speaking Practice
• English Tips & Tricks
• Essays in Hindi & English
• Speech in Hindi & English
• English Writing Practice
• English Listening Practice
• Interview Questions & Answers
• Vocabulary & Pronunciation

Must Read

• Essay on Games and Sports
• Time Management Essay
• An Indian Festival Essay

IMPORTANT LINKS

Complete English Speaking Course: CLICK HERE
Books & eBooks: CLICK HERE
Lesson-wise YouTube Videos: CLICK HERE
YouTube: CLICK HERE
Facebook: CLICK HERE
Instagram: CLICK HERE
Android App: CLICK HERE
Blogging Course: CLICK HERE
Computer Course: CLICK HERE

TRENDING BLOGS
TENSES | VERBS | CONVERSATIONS | TRANSLATIONS | PRACTICE EXERCISES | PREPOSITIONS | DAILY USE SENTENCES | VOCABULARY | PRONUNCIATION | PHRASAL VERBS | TIPS n TRICKS | INTERVIEW Q&A | PUNCTUATION MARKS | ACTIVE PASSIVE | DIRECT INDIRECT | PARTS OF SPEECH | SPEAKING PRACTICE | LISTENING PRACTICE | WRITING PRACTICE | ESSAYS | SPEECHES

अगर आपको ये आर्टिकल पसन्द आया हो, तो इसे अपने दोस्तों के साथ WhatsApp, Facebook आदि पर शेयर जरूर करिएगा। Thank you! – Aditya sir