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Goods and Services Tax (GST) is a comprehensive, destination-based indirect tax levied on the manufacture, sale, and consumption of goods and services. It was introduced to replace multiple cascading taxes levied by the central and state governments in India, thereby simplifying the tax structure and improving compliance. In public economics, GST is significant because it enhances efficiency in resource allocation, __________ _____ ____ _________ _______ _____ _______ ________.
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