Abstract: GST is one indirect tax for the entire nation, which will make India one integrated common market. It is a solitary tax on the supply of goods and services, directly from the manufacturer to the consumer. Credits of input taxes paid at each step will be accessible in the successive stage of value addition, which makes GST basically a tax only on value addition at every stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
Publication Year: 2017
Publication Date: 2017-01-01
Language: en
Type: article
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