This is the transformation phase where India is gradually transforming most of the taxation laws for a greater degree of stability and predictability, says Arun Jaitley.
GST is a major step towards this direction. However, the net impact of GST is that there will be seamless transfer of goods and services across the country. One major step is to increase the ease of doing business, to reduce the interstate variations and barriers.Also, there will be uniformity in taxation laws and greater compliance part.
Well according to me this is great transition phase since many taxes will be subsumed and proper compliance part will also be beneficial for many traders.
GST is a major step towards this direction. However, the net impact of GST is that there will be seamless transfer of goods and services across the country. One major step is to increase the ease of doing business, to reduce the interstate variations and barriers.Also, there will be uniformity in taxation laws and greater compliance part.
Well according to me this is great transition phase since many taxes will be subsumed and proper compliance part will also be beneficial for many traders.
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