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Goods and service tax |
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Whether Goods and Service Tax is on supply or on consumption? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
According to the road-map and other drafts on the matter, it seems that GST would be a destination based consumption tax.
The goods and service tax (GST) is proposed to be a comprehensive study on indirect taxes which is levied on manufacture, sale and consumption of goods as well as services at a national level.Therefore goods and service tax shall be on consumption basis.
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