INDIRECT TAX FOR DUMMIES

GST has eradicated the cascading effect. Tax is calculated only on the value-addition at Just about every phase with the transfer of possession. realize exactly what the cascading outcome is And the way GST helps by watching this easy movie: amplified Compliance and Transparency: GST aims to boost tax compliance by bringing much more firms in the

Indirect taxes tend to be seen as strategies to forestall rates from growing too much. they're able to make persons change how they commit cash, which might aid preserve the financial state steady. but it surely’s crucial that you realize that when these taxes can assist halt rates from mounting as well rapid, they may from time to time make rate