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100 many years later, the tax which was devised to generally be productive and comparatively very simple check here to gather and enforce is, along with the products and solutions tax (GST), now in place in around a hundred and forty nations globally.[eight]
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The implementation of dual GST has significantly impacted the Indian financial system by streamlining the oblique tax routine, reducing the cascading influence of taxes, and building the tax procedure a lot more transparent. it's contributed to a rise in tax compliance and widened the tax base, resu