https://www.taxtmi.com/news?id=18417 The document explains migration to a simplified Goods and Services Tax regime that subsumes numerous central and state indirect levies, rationalises rates with reference to pre GST tax incidence, reduces cascading of taxes for many mass consumption items, and abolishes multiple cesses, resulting in a consolidated multi rate schedule intended to simplify administration and compliance. en-us Tue, 18 Jul 2017 17:58:04 +0530 Tue, 18 Jul 2017 17:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18417 The document explains migration to a simplified Goods and Services Tax regime that subsumes numerous central and state indirect levies, rationalises rates with reference to pre GST tax incidence, reduces cascading of taxes for many mass consumption items, and abolishes multiple cesses, resulting in a consolidated multi rate schedule intended to simplify administration and compliance. News - Tue, 18 Jul 2017 17:58:04 +0530 https://www.taxtmi.com/news?id=18417