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Short Paragraph on GST for Class 1 and 2 Students
100 words on GST Paragraph in English
GST stands for Goods and Services Tax, an indirect tax imposed by the Government of India on all sides of the supply chain of goods and services. From 1 July 2017, the GST came into force by the One Hundred and One Amendment of the Constitution of India.
The most important aspect of GST is that it follows uniform tax rules for specific products across India. GST is a uniform indirect tax that has replaced all central and state indirect taxes, treating the whole of India as a single market. Goods and service tax is also levied on imported goods.
Short Paragraph on GST for Class 3 and 4 Students
120 words on GST Paragraph in English
GST stands for Goods and Services Tax. This is a kind of Indirect Tax which is levied on goods. These items can be of any kind. Things that we can eat and drink, touch and buy. Eg – food items, furniture, clothes, books, vehicles, CDs, Real Estate Printers computers and computer hardware etc.
These taxes are charged by the government at different rates depending on the goods. The government controls this rate according to itself.
GST came into force in India on 1 July 2017, and the first state to implement it was Assam Assam. GST For, every state has its own code called TIN (Tax Pay Identification Number). This is a unique 11-digit registration number, the next digits of which represent the state code.
Paragraph on GST for Class 5 and 6 Students
150 words on GST Paragraph in English
The Goods and Services Tax is an indirect tax which was introduced by the Indian government on 1 July 2017. Many countries had already adopted this rule of Goods and Services Tax.
This tax is levied on items like furniture, mobiles etc., whatever we buy and whatever services we are taking advantage of. We pay this tax indirectly as if we bought some goods, the tax is added to its bill. If we bill in a hotel, then service tax is added to it.
Goods and Services Tax s. Known as t. The tax percentage varies for each type of item. The highest tax is levied on casual goods which are 28%.
One tax has to be paid for all the things that G. ST is. However, some things are also excluded from it such as alcohol. To give economic strength to the country and development of the country GST It was very important to adopt.
Paragraph on GST for Children
180 words on GST Paragraph in English
On July 1, 2017, the government has removed the separate tax and arranged a tax which has been named Goods and Services Tax.
Everyone lives it ST Know by name GST Due to this, people have got a lot of conveniences because now they did not have to give everything separately and due to one tax, people started paying more and more taxes, which led to the fall in black money and due to the arrival of money in the country’s fund. The country’s economy has strengthened.
There are many benefits from having a tax system and they are divided in different ways. Goods and services tax is not levied on the seller of goods, but indirectly on the buyer of goods. State Goods and Services Tax is levied within the state.
GST Due to implementation, some things have become cheaper and some have increased in price. The country has benefited greatly from this policy of the government and it is very welfare for the country. We should all pay taxes together and cooperate in strengthening the country.
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