impact of gst on business

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GST Impact Analysis

GST shall impact everyone in the economy. GST is expected to bring uniformity in taxation and reduce its cascading effect leading to cheaper goods and services. Currently, excise and value-added tax (VAT) cannot be offset, so they cascade. In addition, VAT credits cannot be carried across states. Both these characteristics would change under the GST [...]

By | 2016-09-27T10:09:49+00:00 September 27th, 2016|GST Implementation and Transition|2 Comments