No tax on tax: Here's how this GST mechanism will work

One of the key benefits of the goods and services tax is the end of cascading of taxes, or there will not be any tax on tax. The cascading is avoided through full credit for taxes paid on inputs.

One of the key benefits of the goods and services tax (GST) is the end of cascading of taxes, or there will not be any tax on tax. The cascading is avoided through full credit for taxes paid on inputs.

ET-PwC analysis explains how this mechanism will work...

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