https://www.taxtmi.com/news?id=2774 Introduction of Goods and Services Tax is presented as a foundational reform to unify Central and State indirect taxes through a common collection system and integrated IT backbone (GSTN), expected to improve tax efficiency, boost revenues, and remove inter-state barriers. Accompanying administrative reforms include mandatory e-filing of Central Excise and Service Tax returns, a shift to record/invoice-based compliance, self-assessment, post-clearance audit, and trade facilitation measures, while enforcement priorities call for enhanced Customs capability and international cooperation to protect revenue and counter smuggling. en-us Wed, 22 Feb 2012 18:00:39 +0530 Thu, 05 Feb 2015 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2774 Introduction of Goods and Services Tax is presented as a foundational reform to unify Central and State indirect taxes through a common collection system and integrated IT backbone (GSTN), expected to improve tax efficiency, boost revenues, and remove inter-state barriers. Accompanying administrative reforms include mandatory e-filing of Central Excise and Service Tax returns, a shift to record/invoice-based compliance, self-assessment, post-clearance audit, and trade facilitation measures, while enforcement priorities call for enhanced Customs capability and international cooperation to protect revenue and counter smuggling. News - Wed, 22 Feb 2012 18:00:39 +0530 https://www.taxtmi.com/news?id=2774