https://www.taxtmi.com/news?id=17648 Implementation of Goods and Services Tax is targeted for July, subject to parliamentary enactment of enabling laws and four supplementary GST legislations cleared by the Union Cabinet. The GST will remove cascading tax on tax, simplify the indirect tax structure, broaden the tax base and reduce prices. Administrative measures-strengthening the income tax department's IT backbone to curb evasion and limiting scrutiny to fewer cases-along with demonetisation's disincentive to shadow economy dealings, are described as complementary steps to improve compliance and formalise economic activity. en-us Wed, 22 Mar 2017 11:47:18 +0530 Wed, 22 Mar 2017 11:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17648 Implementation of Goods and Services Tax is targeted for July, subject to parliamentary enactment of enabling laws and four supplementary GST legislations cleared by the Union Cabinet. The GST will remove cascading tax on tax, simplify the indirect tax structure, broaden the tax base and reduce prices. Administrative measures-strengthening the income tax department's IT backbone to curb evasion and limiting scrutiny to fewer cases-along with demonetisation's disincentive to shadow economy dealings, are described as complementary steps to improve compliance and formalise economic activity. News - Wed, 22 Mar 2017 11:47:18 +0530 https://www.taxtmi.com/news?id=17648