THE advent of GST is a very
significant and historic step in the field of indirect tax reforms in India. By
amalgamating a large number of Central and State/UTs taxes into a single tax
and allowing the set-off of prior-stage taxes, it would mitigate the ill
effects of cascading taxation and pave the way for a common national market.
There may also be revenue gain for the Centre and the UTs due to widening of
the tax base, increase in trade volumes and improved tax compliance.
http://www.gfilesindia.com/single-tax-utopian-dream/
No comments:
Post a Comment