https://www.taxtmi.com/news?id=17655 Goods and Services Tax is described as a unified indirect tax replacing multiple state and central levies to eliminate tax-on-tax, simplify interstate transfers, and broaden the tax base through a stronger IT infrastructure to curb evasion. Complementary measures-limits on high-value cash dealings and prior demonetisation of high-denomination notes-are presented as reducing anonymity in cash transactions, promoting digitisation, discouraging the shadow economy, and aiding integration of informal activity into the formal sector. en-us Wed, 22 Mar 2017 16:03:56 +0530 Wed, 22 Mar 2017 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17655 Goods and Services Tax is described as a unified indirect tax replacing multiple state and central levies to eliminate tax-on-tax, simplify interstate transfers, and broaden the tax base through a stronger IT infrastructure to curb evasion. Complementary measures-limits on high-value cash dealings and prior demonetisation of high-denomination notes-are presented as reducing anonymity in cash transactions, promoting digitisation, discouraging the shadow economy, and aiding integration of informal activity into the formal sector. News - Wed, 22 Mar 2017 16:03:56 +0530 https://www.taxtmi.com/news?id=17655