The conversation between human and AI assistant.
What is GST and how would it affect common man?
Can you explain what GST is and how it would affect a common man's daily life?
GST stands for Goods and Services Tax. It is a consumption-based tax that is levied on the supply of goods and services. The introduction of GST in India has resulted in the merger of various indirect taxes into one single tax. The impact of GST on a common man's daily life would depend on the products and services consumed by him/her.