Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging most of the

Discussion in 'Banking' started by Vishwas Jagrawal, Sep 12, 2017.

  1. Goods and Services Tax (GST) is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation.The taxes which will be subsumed into GST include central excise duty, services tax, additional customs duty, surcharges and state-level value added tax. Other levies which are currently applicable on inter-state transportation of goods are also likely to be done away with in GST regime.[
     
  2. Salem Rajareddy

    Salem Rajareddy New Member

    to remove cascading effect of some indirect tax of state ; ;centreTo reduce tax evasion
     
  3. Single tax system that includes all indirect taxes.
     
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