Goods and Services Tax

Challenges for Good and Services Tax in India

April 11, 2018

Here are some challenges for GST in India: High Rates and Multiple Slabs If Union and States abolished existing indirect taxes (Excise, Custom and VAT), then their revenue income will obviously decline. Therefore, GST rate needed be high enough to…

General Studies Mains 3, Goods and Services Tax, Indian Economy, Knowledge

Benefits of Goods and Services Tax in India

April 11, 2018

Sahil

Here are some of the benefits for GST implementation in India: This is what happened before GST regime. A car company would aim for “in-house production” of all necessary intermediate- goods and accessories (e.g. tires, windshield, car-stereo player) because if they…