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July 7, 2024 at 11:40 am
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hdre44
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GST also promotes fairness and neutrality in the tax system. By taxing consumption rather than income, GST ensures that individuals contribute to the tax system in proportion to their spending. This consumption-based tax approach is often seen as fairer, as it taxes individuals based on their consumption choices rather than their earnings. Additionally, GST is collected at each stage of the production and distribution chain, ensuring that tax is paid by the end consumer. This multi-stage collection process reduces the likelihood of tax evasion and ensures a more equitable distribution of the tax burden https://gstinfo.net/.