Please enable JavaScript.
Coggle requires JavaScript to display documents.
Goods and Service Tax (Positive aspects (unique indirect tax payers…
Goods and Service Tax
Positive aspects
unique indirect tax payers increased by more than 50%,
-increase in indirect tax buoyancy.
growing formalization of the economy leads to a substantial rise in tax collections, once the GST Network stabilises
-
-
Businesses, large and small, stand to gain from a common tax set-up for goods and services.
-
-
-
-
-
-
-
In news: council meeting
Simple way devised:'Invoice matching'==>Now buyer itself instead of seller will validate seller's invoice by 'locking' it
Separate form for wrong entry made available now, big relief for assesses
Goods slab changes: companies have less time, hence might face anti-profiteering action
-
-