"Inspiring minds GFGC CHIKKABALLAPUR"

  GST What are the main features of GST? Can you explain the Dual GST Model in more detail? What are the advantages of registering under the GST Act? The main features of Goods and Services Tax (GST) include: 1. **Value Added Tax**: GST is a value-added tax levied on the supply of goods and services, which means tax is collected at each stage of the supply chain based on the value added at that stage [T6]. 2. **Destination-Based Consumption Tax**: GST is a destination-based tax, meaning it is collected at the point of consumption rather than the point of origin. This ensures that the tax revenue goes to the state where the goods or services are consumed [T6]. 3. **Dual GST Model**: India follows a Dual GST Model, which includes both Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST). This means that both the central and state governments can levy GST on the same transaction [T4]. 4. **Comprehensive Tax Structure**: GST subsumes various indirect taxes such...