This GST, Khanti Odia GST, What Is GST - GST କଣ, Khanti Odia Modi, Khanti Berhampuriya Modi, Khanti Berhampuriya GST Odia New Funny Video is Made With Khanti Berhampuriya Languages / Dialouges & Editing By Aj ..........Video Used : Modi's GST Speech, Game Used : SWAT 4 - Mission 4....For More Funny Odia Video Subscribe Our Channel... /"Berhampur Aj"/Boile Video Rittt Lagile Subscribe Kara Mo Channel.....Subscribe My Channel 'Berhampur Aj' For More Funny Scene | Berhampur Languages Comedy | New Odia Comedy Scenes Of 2017.....This Video Dialouges By Aj ....For Contact Us...Facebook ID : https://www.facebook.com/ajaya.sahu2Instagram ID : https://www.instagram.com/ajaya_kumar_sahu/What is GST??Goods & Services Tax is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale. Buying of raw materials is the first stage. The second stage is production or manufacture. Then, there is the warehousing of materials. Next, comes the sale of the product to the retailer. And in the final stage, the retailer sells you – the end consumer – the product, completing its life cycle.Why is Goods and Services Tax so Important??let us talk about why it will play such a significant role in transforming the current tax structure, and therefore, the economy.Currently, the Indian tax structure is divided into two – Direct and Indirect Taxes. Direct Taxes are levies where the liability cannot be passed on to someone else. An example of this is Income Tax where you earn the income and you alone are liable to pay the tax on it.In the case of Indirect Taxes, the liability of the tax can be passed on to someone else. This means that when the shopkeeper must pay VAT on his sale, he can pass on the liability to the customer. So, in effect, the customer pays the price of the item as well as the VAT on it so the shopkeeper can deposit the VAT to the government. This means that the customer must pay not just the price of the product, but he also pays the tax liability, and therefore, he has a higher outlay when he buys an item.This happens because the shopkeeper has paid a tax when he bought the item from the wholesaler. To recover that amount, as well as to make up for the VAT he must pay to the government, he passes the liability to the customer who has to pay the additional amount. There is currently no other way for the shopkeeper to recover whatever he pays from his own pocket during transactions and therefore, he has no choice but to pass on the liability to the customer.Goods and Services Tax will address this issue after it is implemented. It has a system of Input Tax Credit which will allow sellers to claim the tax already paid, so that the final liability on the end consumer is decreased.