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of <h1>Goods and Services Tax (GST) in India unifies indirect taxes, boosts economy, simplifies compliance, and enhances global competitiveness.</h1> Goods and Services Tax (GST) in India consolidates various indirect taxes into a single tax, benefiting industries, the government, and citizens by reducing costs and boosting the economy. It creates a unified national market with uniform tax rates, eliminating economic barriers and tax cascading. GST supports the 'Make in India' initiative by making Indian goods competitive globally and ensures parity in taxation for local and imported products. Exports are zero-rated, enhancing export competitiveness. GST improves government revenue, compliance, and ease of doing business. It simplifies tax procedures through technology, reduces compliance costs, and encourages transparency, ultimately driving economic growth and job creation.
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