Goods and Services Tax (GST)
The Acronyms GST means Goods and Services, which are collected by the State in lieu of indirect taxes. The very purpose of this process and system is to develop the country’s economy or to improve the status of the agencies and departments in-charge of producing wealth. This is a very interesting topic in writing an essay article which could be used as an eye-opener to the people employed in different kinds of occupation or field of expertise in the world of business or corporations. Mostly, this subject matter could be detailed and explained through a series of topics such as the advantages and disadvantages of GST, who are the people or corporations allowed to use the same, and provide a step by step process of how this procedure of applying the Goods and Services Tax could be developed and used. Mostly the essay will be focusing on the benefits and losses that might be received or suffered by the GST. Giving examples for the essay will also help the readers to get a bird’s eye view of the whole context of the topic. It is also possible that from a broad explanation, the narrative then proceeds to the more specific items and subsections that will help breakdown the necessary information needed to fully explain the essence of the GST. Resources having similar subject matter may also be used as a reference in formulating the paragraphs and complete an accurate and thorough article on the value of Goods and Services Tax.
How to Start an Essay on GST
An essay usually starts with an introduction and definition of the Goods and Services Tax. Furthermore, the very purpose of its existence is to ensure a just and fair tax system that is considered helpful to the economic development and fiscal growth not only of the economy of the United States but globally as well.
The Introduction must also narrow down the topics concerning this subject matter on GST and to define the most important ideas, facts and principles surrounding this systematic tax procedure.
Example of the Introduction
The introduction ought to highlight the very focal intent why the GST was created and literature resources for background study must also be briefly included in this section. The introduction must be concise, accurate and full of evidence or proof clearly showing how GST affects the economy and the field of taxation. The start of the essay also includes what compromises the GST, how it was created and who started this method. Inclusive of the first part of this essay, is the assumption of the greater importance of the GST in a highly developing economy, which will proceed to the benefit of the social and economic growth of the country. The procedure of facilitating this process must be definitive and must have a conducive environment which will help pursue the principles of this type of tax service. The valued rationale concerning this process is that the taxation system should be just and not bias with respect to all the direct taxes that are payable individually and the indirect taxes payable by the enterprises for the purposes of making a valid taxation net by which the government would be able to produce projects.
How to Write the Body
The body of the essay must be filled with legitimate, valid literature and sources over which the considerable facts concerning this topic will be well explained. However, the body of the essay must not only focus on the positive but also look into the negative and the varied factors that would explicitly divulge the factors affecting the GST. Likewise, all the facts must be based on either primary or secondary sources where the information came from valid and accurate research.
Goods and Services Tax (GST) is a reformatory laws, rules and regulation which is composed of an individual tax referring on the supply of varied goods and services, which came from the producer to the clients or customers. The Acronyms GST means Goods and Services, whereby the State collects the same in lieu of indirect taxes. The very ideals surrounding this system is to develop the country’s profit building machine as well as expand the agencies and departments tasked in the economic development of the country. This topic will be a profound subject in writing an essay which could be used as an organized system for people in the field of business and economy.
Accordingly, this is an example of a second paragraph on the subject matter could be expressly written depending upon a series of topics such as the advantages and disadvantages of GST, the individuals and enterprises who has the skill and authority to use this Goods and Services Tax, and provide a slow but sure strategy of how this procedure of applying the Goods and Services Tax could be developed and used. Mostly the essay will be focusing on the benefits and losses that might be received or suffered by the GST. Giving examples for the essay will also help the readers to get a bird’s eye view of the whole context of the topic.
It is also possible that from a broad explanation, the narrative then proceeds to the more specific items and subsections that will help breakdown the necessary information needed to fully explain the essence of the GST. Resources having similar subject matter may also be used as a reference in formulating the paragraphs and complete an accurate and thorough article on the value of Goods and Services Tax. GST is a single taxation method which lessens the numerous indirect taxes. Much in the past, the indirect taxes were considered as central excise, VAT, service tax, etc.
This is an example of the 3rd paragraph which explains the functionality of the GST whereby the GST changed the whole concept since now in the present, only a single taxation term would cover all of those indirect taxes. This method will surely be beneficial for the people who are tired of paying huge prices. This would also remove the burden from the government.
How to conclude
The conclusion must provide the final analysis of the topic discussed and provide the very gist of the whole article. It must give a very clear picture of what the GST is all about. In addition, all the most important points must be collaborated and enumerated in the end of the essay. The narration must be grammatically correct and accurate. It must remove doubts and answer most of the questions that the readers are requesting to be explained.
Example of the conclusion
Finally, the GST has over 150 countries applying its principles and major points. The countries where it has been implemented are India, Canada, Germany, Japan and etc. It impacts a nation either positively or negatively and all the agencies in-charged of the application of this process must centralize on the factors that will produce results and benefits. Use of GST will give a serious improvement in the country’s economy.
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