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The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption-Moneymindz

The Goods and Services Tax (GST), a radical step towards India’s transformation into a common market, was launched on Friday night. PM Modi, at the launch event, said GST was not just about taxation reform that would help businesspersons by putting an end to tax terrorism, but is a measure that will help in the fight against corruption and black money. Here’s how GST will help the common man and economy.

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