https://www.taxtmi.com/article/detailed?id=6129 Goods and Services Tax is proposed as the key indirect tax reform to create a common market by subsuming multiple levies and reducing cascading; the Budget signals legislative steps and political agreement with States, preparatory expansion and integration of service taxation, subsumption of education cesses into Central Excise with rate adjustments for select commodities, and consolidation of service tax into a single rate to facilitate transition to GST. en-us Mon, 02 Mar 2015 15:10:46 +0530 Mon, 02 Mar 2015 17:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6129 Goods and Services Tax is proposed as the key indirect tax reform to create a common market by subsuming multiple levies and reducing cascading; the Budget signals legislative steps and political agreement with States, preparatory expansion and integration of service taxation, subsumption of education cesses into Central Excise with rate adjustments for select commodities, and consolidation of service tax into a single rate to facilitate transition to GST. Articles Goods and Services Tax - GST Mon, 02 Mar 2015 15:10:46 +0530 https://www.taxtmi.com/article/detailed?id=6129