The Goods and Services Tax (GST) has the potential to transform businesses and bring in enormous efficiencies – tax and operational. The focus today, unfortunately, is too much on the rate harmonization. Rather, the focus should be on tax administration harmonization. EU GST is an example, where different nation states have different rates, while having similar tax admin structure leading to lower compliance costs.
The Chief Economic Advisor (CEA) panel has recommended a Revenue Neutral…
Impact of GST On The Indian Economy
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