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T3 ECONOMICS CH1 Tax and its Importance — Social Science STD 7 — Question

Tamilnadu BoardEnglish MediumSTD 7Social ScienceT3 ECONOMICS CH1 Tax and its Importance2 Marks
Question
What is Goods and Service Tax?
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Answer

  1. Goods and Services Tax is a kinds of tax imposed on sale, manufacturing and usage of goods and services.
  2. This tax is applied on services and goods at a national level with a purpose of achieving overall economic growth.

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