PM Modi's economic advisor Sanjeev Sanyal used the iPhone example to explain GST. "Basically, GST means you don’t just tax the final product, but the entire chain," he said, adding, "Lots of inputs go into an iPhone...Instead of only taxing the iPhone at the end, you tax inputs at every stage." It helps spread out tax burden evenly, he said.
short by
Ankit Tiwari /
02:01 pm on
10 Sep