https://www.taxtmi.com/article/detailed?id=1449 Introduction of a comprehensive Goods and Services Tax (GST) shifts the tax base from production to consumption under the destination principle, subsumes major Central and State levies, and establishes a continuous chain set off to eliminate cascading indirect taxes; this reform is intended to broaden the tax base, lower rates, reduce compliance costs, create a common national market, and improve allocative efficiency with sectoral gains for manufacturing and overall GDP and export performance. en-us Fri, 30 Sep 2011 23:49:55 +0530 Wed, 04 Feb 2015 19:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1449 Introduction of a comprehensive Goods and Services Tax (GST) shifts the tax base from production to consumption under the destination principle, subsumes major Central and State levies, and establishes a continuous chain set off to eliminate cascading indirect taxes; this reform is intended to broaden the tax base, lower rates, reduce compliance costs, create a common national market, and improve allocative efficiency with sectoral gains for manufacturing and overall GDP and export performance. Articles Goods and Services Tax - GST Fri, 30 Sep 2011 23:49:55 +0530 https://www.taxtmi.com/article/detailed?id=1449