Gst India Here Are A Few Basic Facts And Figures Concerning Gst
GST India: Here are a few basic facts and figures concerning GST – In the current system, we pay a number of indirect taxes, which are at times overlapping and double counting too, like, ‘Entertainment Tax’ for watching a movie, Value Added Tax (VAT) on purchasing goods & services, then Excise duties, Import Duties, Luxury Tax, Central Sales Tax, Service Tax etc. The basic idea behind GST is to make the indirect taxes simpler and uniform across the country, consolidate all State economies that amalgamating several Central and State taxes into a single tax would mitigate cascading or double taxation, facilitating a common national market....