Goods & Service Tax (GST) Benefits
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ArticlePublication details: Description: 35-37 pSubject(s):
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Banking Finance; xxx(7) July 2017Summary: As perceived from various announcements and circulars of CBEC, GST law is going to bring in the biggest indirect tax reform after independence of India with enormous change in the Indirect Tax system in the country. It is going to change demographics of each state with the increased consumption-based tax system the destination state is going to get the tax. The Central Board of Excise & Customs (CBEC) governing and supervising GST laws is being renamed as the Central Board of Indirect Taxes & Customs (CBIC) in the GST regime.
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Articles
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Main Library | Available | AR16303 |
As perceived from various announcements and circulars of CBEC, GST law is going to bring in the biggest indirect tax reform after independence of India with enormous change in the Indirect Tax system in the country. It is going to change demographics of each state with the increased consumption-based tax system the destination state is going to get the tax. The Central Board of Excise & Customs (CBEC) governing and supervising GST laws is being renamed as the Central Board of Indirect Taxes & Customs (CBIC) in the GST regime.
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