Larsen & Toubro interview question

GST

Interview Answer

Anonymous

Oct 24, 2017

Explained it as "A tax that subsumes multiple tax impositions to avoid cascading tax effect on any product or service." Interviewer felt ok and asked for detailed scope on GST Act. Since, GST is not implemented nor the act got circulated as on interview date, I was unable to do so. Interviewer felt reasonably ok with that.