Tax Uniformity

[Deepak Agrawal]

1.I wanted to know what is Uniformity in Tax.

2.Do people require to pay State sales tax even after VAT is in force.

3.How Tax evasion can be avoided using VAT?

4.Other than reduction in multiple indirect taxes what are other benefits of GST?

AI Summary

GST Reform Aims for Uniform Tax Rates Across India, Combats Evasion, and Consolidates State and Central Taxes A discussion on the Goods and Services Tax (GST) highlights its role in achieving tax uniformity across India. Uniformity implies consistent tax rates nationwide, with State GST (SGST) and Central GST (CGST) applied to transactions. GST aims to prevent tax evasion by eliminating rate differences and reducing the cascading effect of taxes. It is described as a significant tax reform, consolidating various state and central taxes. Additionally, an Integrated GST (IGST) will apply to interstate sales, with an extra 1% tax on such transactions. The GST bill has passed the Lower House and awaits further legislative approval.