GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.Read More
Budget aims at boosting economic growth through additional spending, with borrowing seen rising to 3.3% of GDP in the coming fiscal year , says a ‘Reuters’ pollRead More
what are the taxes at the Centre and State level are being subsumed into GSTRead More
Ahead of the planned GST rollout from July 1, the government is strengthening the body responsible for detecting tax evasion and will set up two new agencies, including one for business intelligence and analytics.
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