TOP LATEST FIVE HISTORY OF INDIRECT TAX URBAN NEWS

IFRS 17 outlining The real key characteristics from the typical and delivering insights into its software and impact. it absolutely was a substantial obstacle underneath the preceding tax regime, where by enterprises ended up taxed at each stage in the generation or assistance delivery procedure without any provision to offset the past tax paid.

Continuation of exemption available :-In look at of The point that underneath the GST scheme, exemptions can be minimal, it is probably not accurate to continue on the belief the existing exemptions would proceed under the GST dispensation. Promotes economic integration: By doing away with boundaries to interstate trade and harmonizing tax rates,