https://www.taxtmi.com/article/detailed?id=6692 GST replaces fragmented indirect taxes by subsuming multiple levies and creating a continuous chain of input tax set off from producer to retailer, eliminating CENVAT and service tax cascading. Implementation requires vesting States with power to tax services via Constitutional amendment, phasing out Central Sales Tax, harmonising rates and procedures, and designing compensation mechanisms; these measures aim to widen the tax base, improve compliance, and reduce cascading burdens. en-us Wed, 17 Feb 2016 10:04:30 +0530 Wed, 17 Feb 2016 10:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6692 GST replaces fragmented indirect taxes by subsuming multiple levies and creating a continuous chain of input tax set off from producer to retailer, eliminating CENVAT and service tax cascading. Implementation requires vesting States with power to tax services via Constitutional amendment, phasing out Central Sales Tax, harmonising rates and procedures, and designing compensation mechanisms; these measures aim to widen the tax base, improve compliance, and reduce cascading burdens. Articles Goods and Services Tax - GST Wed, 17 Feb 2016 10:04:30 +0530 https://www.taxtmi.com/article/detailed?id=6692