https://www.taxtmi.com/article/detailed?id=1628 A single comprehensive Goods and Services Tax will be levied at each production and distribution stage with broad set off of indirect taxes on procurement, removing distinctions among manufacturers, traders and service providers and allowing input tax credits on goods and services for intra state and inter state procurements; this will enable supply chain reconfiguration, reduce logistics and inventory costs, affect pricing and cash flows, and require businesses to redesign invoices, accounting and IT/ERP systems and reporting processes. en-us Thu, 15 Mar 2012 17:39:49 +0530 Wed, 04 Feb 2015 19:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1628 A single comprehensive Goods and Services Tax will be levied at each production and distribution stage with broad set off of indirect taxes on procurement, removing distinctions among manufacturers, traders and service providers and allowing input tax credits on goods and services for intra state and inter state procurements; this will enable supply chain reconfiguration, reduce logistics and inventory costs, affect pricing and cash flows, and require businesses to redesign invoices, accounting and IT/ERP systems and reporting processes. Articles Goods and Services Tax - GST Thu, 15 Mar 2012 17:39:49 +0530 https://www.taxtmi.com/article/detailed?id=1628