TaxTMI 
TaxTMI 
Whether Goods and Service Tax is on supply or on consumption?
Goods and service tax
09 Dec 2010 
2 Replies 
1759 Views Asked by
Destination-based consumption tax treats GST as levied on consumption of goods and services at the national level.
GST is envisaged as a destination based consumption tax. Draft road-maps and respondent replies describe GST as a comprehensive indirect tax levied at the national level on the manufacture, sale and consumption of goods and services, with its incidence placed on consumption rather than production. (AI Summary)
GST is envisaged as a destination based consumption tax. Draft road-maps and respondent replies describe GST as a comprehensive indirect tax levied at the national level on the manufacture, sale and consumption of goods and services, with its incidence placed on consumption rather than production. (AI Summary)