Published on 08/04/2016 1:12 pm
GST In India
It also happens to be a complicated reform as most taxation matters usually are. This blog attempts to present an overview on GST and explain why it is expected to make a difference to all of us.
How is India’s tax system structured tod
Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create a single market. For that to happen the constitution first needs to be amended to remove different layers of governments’ exclusive powers to levy taxes. Once this step is taken, the tax barriers between states, and centre and states will disappear.
Regards Karan Arora Mohali
See more at http://blogs.timesofindia.indiatimes.com/cash-flow/gst-demystified/ by Sanjiv Shankaran
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