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What is GST and how will it change taxation in India?
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Posted by Anonymous at May 07 , 2015 11:49 AM
what is goods service tax and how will it affect the Indian economy?
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Posted by rajendra at May 07 , 2015 11:58 AM
GST is the goods service tax of india.The GST framework could easily be one of the most important tax reforms to be tabled for discussion in the parliament.
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Posted by akash at May 07 , 2015 12:01 PM
Most administrators and more importantly, producers believe it would make the tax procedures more fair, transparent and efficient. This will lead to the development of transparency in the Indian financial markets.
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Posted by someel at May 07 , 2015 12:05 PM
An ideal tax system collects taxes at various stages of production, supply and retail. It is based on the value that the producers, suppliers and retailers individually add to the product. However, the current tax regime is unfairly skewed against most producers.Hence, the GST was introduced.
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