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GST tax is the new way to introduce and charge sales taxes. The GST rate and other details can be found at Goods and Services Tax (GST) Portal. A sales transaction is a sale of goods or services that occurs between a seller and a buyer, usually involving consideration of money or property as the price. GST is a new tax introduced in India. It will be applicable from 1st July 2017 and will help the country to achieve its target of becoming a regional manufacturing hub. The GST is an indirect tax on all goods and many people don't know about it.

The GST affects all businesses, but the impact differs according to the level of sales. From a supplier's point of view, GST increases his cost of sales considerably. From a buyer's point of view, GST increases his price significantly. Some suppliers may have to pay more for inputs that are essential for their business operations. For example, they have to buy raw materials that are not included in the tax calculation nor are they used by customers in their business operations. This is also true for software suppliers who have to purchase new software licenses every year or so which are not included in the tax calculation either. These changes might affect their profit margins and thus lead to decreased profit margin per unit sold or increased costs per unit sold (per change).

GST (Goods and Services Tax) is a tax system that the country's central government has introduced in India. The indirect tax that was previously known as 'sales tax' or 'value-added tax' was further renamed to GST in 2005. The idea behind GST was to make the taxes more transparent and fair, but it is still not clear how GST will affect the Indian economy. If it is implemented correctly, GST will give a voice to ordinary taxpayers and remove some of the corruption seen in past governments who were often criticized for not paying their fair share of taxes due to corruption. Another positive effect of GST is that businesses can now calculate their profits more accurately before they pay tax. This helps them reduce their losses on non-taxable income which they would have otherwise had to pay.

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