Creating a Unified Taxation Regime
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Yojana; 61(8) Aug 2017Summary: GST is a 2nd major surgical strike on tax evaders, brings most traders into the tax net, makes movement of commodities freer in the country, attracts foreign investors with a unfied market
with a single tax, though it has inconvenienced citizens on a spending spree with inflated bills, on wining and dining, travelling, property purchase etc. But GST on 81 per cent of the commodities is expected to make them cheaper. A long term benefit with short term suffering as the country shifts to a new taxation regime.
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GST is a 2nd major surgical strike on tax evaders, brings most traders into the tax net, makes movement of commodities freer in the country, attracts foreign investors with a unfied market
with a single tax, though it has inconvenienced citizens on a spending spree with inflated bills, on wining and dining, travelling, property purchase etc. But GST on 81 per cent of the commodities is expected to make them cheaper. A long term benefit with short term suffering as the country shifts to a new taxation regime.
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