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GST - There is nothing new, but for clatter going on all over - Part-I


GST - Is it new or old

Superb analysis from the base.

Going by the words and expressions used in Draft Model GST Law - it is not easy for any new comer to grasp immediately - the very old experts alone can understand in its true spirit

Author is learned and experienced. His flow is learning lesson

However there is an answer for the query where is the game change? - avoidance of cascading tax effects (for eg VAT on excise duty), uninterrupted supply chain, seamless flow of ITC (for eg. tax credit for interstate supplies)

May be approach through constitution & law is same but the effect is different and it is Positive

govindan_mani govindan_mani 16/01/2017

 

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