destination based tax-gst?
Dear Student,
Here is your answer,
GST is a Destination based tax because it is levied at the time of supply where the goods or services are actually consumed. It is also known as Consumption based tax.
For Example: If goods are sold from City A to City B, then GST will actually be paid by the consumer of City B because it is the destination of the goods where these are consumed.
Regards.
Here is your answer,
GST is a Destination based tax because it is levied at the time of supply where the goods or services are actually consumed. It is also known as Consumption based tax.
For Example: If goods are sold from City A to City B, then GST will actually be paid by the consumer of City B because it is the destination of the goods where these are consumed.
Regards.