What is GST, Inflation and how both are related to each other?
GST(Goods and Service Tax): GST is the federal sales tax imposed on most of the products and services sold for domestic consumption. The businesses adds the GST to the price of the product, and the customer who buys the product pays sales price plus GST. The GST paid by the customers are remitted to the Government by the businesses selling goods and services. The government uses the revenue from GST for various purposes like laying roads, investing in technology, medical prog