Nitya’s insight on anti-profiteering measures under the GST law

by | Jan 1, 2017

1. INTRODUCTION OF GST

Till June 30, 2017, India was marred by multiple indirect taxes that were levied at distinct points in a supply chain. This not only restricted the free flow of credit but also led to cascading effect of taxes. Goods and Services Tax (‘GST’), introduced in India from July 1, 2017, is a value added tax levied at each stage of supply chain with no tax becoming cost.

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Nitya’s insight on anti-profiteering measures under the GST law

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