GST Textile

GST Textile

• Comprehensive indirect tax on goods and services
• Widely expected to be introduced from July 2017
• One taxable event against multiple events at present
• Expected to widen tax base and lower the effective tax rate on goods
• Indirect Tax Structure involving multiple taxes
• Multiple taxes levies
• High cost of tax compliance and Cascading effect leads to higher prices of goods and service
• Seamless flow of Credit
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