what is GST:-
before GST, structure of tax as shown in below image:
Consumer has to pay 242 rupees for the final finished product based on VAT.
after GST, tax will be low on final product as shown in below image:
see above with GST bill:- whole saler will say that manufacturer paid 10 rupees tax already so i will pay remaining 5 rupees. Again retailer will say that both wholesaler & manufacturer paid already 15 rupees tax so i will pay remaining 7 rupees tax only. So thi