The conversation between human and AI assistant.
How will the Indian economy benefit if GST is introduced?
Can you tell me about the Goods and Services Tax (GST) and how it works in India?
Sure, GST is a single indirect tax that was introduced in India in 2017. It replaced multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT). GST is levied on the supply of goods and services and it has helped to streamline the tax system in India.