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In this video, we will discuss one of the most important topics of Goods and Services Tax (GST) for B.Com 3rd Semester students of Punjab University – “Shortcomings in the Old Structure and the Need for GST”. You will learn in easy-to-understand language: ✅ What were the major drawbacks of the old indirect tax system in India ✅ Problems like cascading effect of taxes, multiple taxes at different stages, complexity in compliance, and lack of transparency ✅ Why there was an urgent need to introduce GST ✅ How GST created a unified tax system by replacing multiple indirect taxes ✅ Benefits of GST for businesses, government, and consumers ✅ Exam-oriented notes explained in a simple and student-friendly way This lecture is very helpful for students to prepare short notes, exam answers, and assignments. It will also build clarity on why GST is considered one of the most significant tax reforms in India. 👉 Don’t forget to Like, Share & Subscribe for more important topics on GST, Taxation, and Commerce subjects. https://t.me/commercenotesbcom #GST #GoodsAndServicesTax #TaxReforms #IndirectTaxes #OldTaxStructure #NeedForGST #GSTIndia #BCom3rdSemester #PunjabUniversity #CommerceStudents #GSTLecture #TaxationMadeEasy #CommerceEducation #ExamPreparation #StudentLearning #CommerceLecture #GSTConcepts #TaxSystem #GSTNotes #BComClasses #BusinessStudies #CommerceSubjects #AcademicLearning #StudyWithMe #UniversityStudents #TaxReformIndia #CommerceWorld #StudyMaterial #EducationForStudents #EasyExplanation #CommerceMadeEasy #TaxationLecture #GSTSimplified #OldTaxSystem #BComExamPreparation #ExamNotes #StudentFriendlyLecture #CommerceLearning #GSTClass #StudyCommerce #CommerceMadeSimple #TaxationConcepts #GoodsAndServicesTaxIndia #BComPunjabUniversity #CommerceTopics #StudentGuide #TaxationStudy #LearnWithMe #CollegeCommerce #GSTStudyMaterial