NOT KNOWN FACTUAL STATEMENTS ABOUT INDIRECT TAX

the concept of a nationwide GST in India was initially proposed from the Kelkar activity drive on Indirect taxes in Indirect Tax 2000. the target was to switch the prevailing intricate and fragmented tax framework having a unified method that will simplify compliance, cut down tax cascading, and boost economic integration. By combining numerous ta

Experience of VAT implementation suggests that there will not be plenty of lead-time available among the date of announcement of GST implementation and the actual day of GST implementation. Supports fiscal federalism by letting states to have a say within the GST council and handle their revenues. Simplified compliance: There is just one tax now