The conversation between human and AI assistant.
Who does GST bill impact our life?
Can you give me an example of how GST has helped simplify the tax structure in India?
Before the implementation of GST, businesses had to deal with multiple taxes such as service tax, value-added tax, excise duty, and more. With GST, all these taxes are now subsumed under a single tax. This has made tax compliance much simpler for businesses and has also reduced paperwork and administrative burden.