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of <h1>GST Streamlines Taxation: Benefits for Industry, Trade, Agriculture with Input Tax Set-Offs, Eliminates CST, Enhances Compliance</h1> The Goods and Services Tax (GST) benefits industry, trade, and agriculture by providing a comprehensive input tax set-off and service tax set-off, integrating multiple Central and State taxes, and eliminating the Central Sales Tax (CST). This system creates a transparent chain of set-offs, broadening the tax base and enhancing compliance, potentially reducing the tax burden on average dealers in these sectors.
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