Gst India Intro Taxable Event Time Itc Place Of Supply
Multiplicity of taxes.Cascading effect of taxes (tax on taxes).Classification issues.Excessive compliances.Fractured flow of Input Credits. A single Goods and Services Tax (GST) was envisaged with a view to over come all these issues of tax payers. Ideally GST is a comprehensive Consumption Based Value Added Tax to be levied at all stages of supply of goods and/or services, whereby Input Tax Credit on all types of business procurements (i.e. goods, services and capital goods) should be available without State Geographical Barriers The GST the result of not only major a tax reform, but also a complete business reform for a number of reasons....