https://www.taxtmi.com/acts?id=20166 GST reduces the final tax burden by eliminating cascading taxes through a continuous chain of input tax credit from producer to retailer; major central and state levies will be subsumed and inter state distortive taxes phased out. A transparent, complete set-off mechanism broadens the tax base and improves compliance, potentially allowing a lower average tax burden despite higher revenue generation. en-us Fri, 11 Dec 2015 18:11:24 +0530 Sat, 12 Dec 2015 01:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20166 GST reduces the final tax burden by eliminating cascading taxes through a continuous chain of input tax credit from producer to retailer; major central and state levies will be subsumed and inter state distortive taxes phased out. A transparent, complete set-off mechanism broadens the tax base and improves compliance, potentially allowing a lower average tax burden despite higher revenue generation. Act-Rules Bills Fri, 11 Dec 2015 18:11:24 +0530 https://www.taxtmi.com/acts?id=20166