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Why does gst bill is important?
What are the benefits of GST for consumers?
There are several benefits of GST for consumers. One of the main benefits is that it eliminates the cascading effect of taxes. With the old tax system, taxes were levied at every stage of production, so the final price of goods and services included a tax component from each stage of production. GST eliminates this by imposing tax only on the value-added at each stage, resulting in a lower tax burden on consumers.