https://www.taxtmi.com/acts?id=20165 GST is a tax on value addition at each stage of the supply chain with a continuous set-off mechanism via Input Tax Credit, allowing suppliers to deduct tax paid on inputs from tax due on outputs so that net GST remitted equals tax on incremental value added and the final consumer bears the ultimate tax burden. en-us Fri, 11 Dec 2015 18:11:05 +0530 Sat, 12 Dec 2015 01:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20165 GST is a tax on value addition at each stage of the supply chain with a continuous set-off mechanism via Input Tax Credit, allowing suppliers to deduct tax paid on inputs from tax due on outputs so that net GST remitted equals tax on incremental value added and the final consumer bears the ultimate tax burden. Act-Rules Bills Fri, 11 Dec 2015 18:11:05 +0530 https://www.taxtmi.com/acts?id=20165