Friday, May 11, 2018

The differences between GST and SST

We are only few months away from the implementation of the much talked about Goods and Services Tax (GST) on April 1, 2015.

This tax will be replacing the Sales and Services Tax (SST) which is a single stage of consumption tax where businesses cannot recover the tax paid on their purchases. This tax will be treated as a cost to business.
Here are the differences between GST and SST:


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