Month: August 2016

Benefits of GST

(i) Benefits to Industry, Trade & Agriculture: The GST will give more relief to industry, trade and agriculture through a more comprehensive and wider coverage of input tax
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How GST Work?

GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the producer’s point and service provider’s point upto the retailer’s level.
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JUSTIFICATION OF GST

There was a burden of “tax on tax” in the pre-existing Central excise duty of the Government of India and sales tax system of the State Governments. The
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