https://www.taxtmi.com/article/detailed?id=9159 Suppliers supplying exempt goods bear embedded tax on purchases because they cannot utilise input tax credit, which increases the cost of final goods; by contrast, GST's unified input credit across goods and services and interstate transactions reduces cascading taxes and can lower final prices, benefiting consumers, while GST Council adjustments and public awareness facilitate pass-through of such benefits. en-us Fri, 08 May 2020 10:20:30 +0530 Fri, 08 May 2020 10:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9159 Suppliers supplying exempt goods bear embedded tax on purchases because they cannot utilise input tax credit, which increases the cost of final goods; by contrast, GST's unified input credit across goods and services and interstate transactions reduces cascading taxes and can lower final prices, benefiting consumers, while GST Council adjustments and public awareness facilitate pass-through of such benefits. Articles Goods and Services Tax - GST Fri, 08 May 2020 10:20:30 +0530 https://www.taxtmi.com/article/detailed?id=9159