https://www.taxtmi.com/news?id=17328 Demonetisation is presented as a measure to disrupt large-value cash holdings and integrate shadow, parallel and informal economies into the formal economy, increasing banking and digital transactions and improving tax compliance. The Goods and Services Tax is framed as a consolidated indirect tax creating a single market by subsuming excise, service tax, VAT and local levies, eliminating multiple assessments, checking evasion and increasing revenues, with most contentious issues reportedly resolved through the GST Council and implementation in advanced stages. en-us Fri, 27 Jan 2017 14:31:10 +0530 Fri, 27 Jan 2017 14:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17328 Demonetisation is presented as a measure to disrupt large-value cash holdings and integrate shadow, parallel and informal economies into the formal economy, increasing banking and digital transactions and improving tax compliance. The Goods and Services Tax is framed as a consolidated indirect tax creating a single market by subsuming excise, service tax, VAT and local levies, eliminating multiple assessments, checking evasion and increasing revenues, with most contentious issues reportedly resolved through the GST Council and implementation in advanced stages. News - Fri, 27 Jan 2017 14:31:10 +0530 https://www.taxtmi.com/news?id=17328