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Shreyas Ramdasi

Mechanical Engineer • 1y

Hey there! Today, we're delving into GST and its impact on businesses, which is crucial for understanding how illegal activities can affect this framework. Input GST is what businesses pay on raw materials, while output GST is charged to customers upon sale. The difference is paid to the government. For instance, in A's shirt business, he paid ₹10 as input GST on ₹100 of raw materials and collected ₹18 as output GST from selling shirts at ₹120. The ₹8 difference is what he owes the government. Understanding these dynamics helps us see how compliance or non-compliance can affect businesses and the economy

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