https://www.taxtmi.com/news?id=12904 Implementation of a Goods and Services Tax is proposed to establish a national market, eliminate cascading taxes, and align treatment of cross-border trade, with an initial Central GST to build IT infrastructure and reduce transition risk. A Direct Tax Code is urged as a modern income tax replacement to simplify the tax base, remove special cesses and exemptions that distort decisions, and lower compliance costs and litigation. en-us Wed, 09 Jul 2014 13:09:40 +0530 Thu, 05 Feb 2015 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12904 Implementation of a Goods and Services Tax is proposed to establish a national market, eliminate cascading taxes, and align treatment of cross-border trade, with an initial Central GST to build IT infrastructure and reduce transition risk. A Direct Tax Code is urged as a modern income tax replacement to simplify the tax base, remove special cesses and exemptions that distort decisions, and lower compliance costs and litigation. News - Wed, 09 Jul 2014 13:09:40 +0530 https://www.taxtmi.com/news?id=12904