Can anybody please Explain me What's all about GST?
Shashikanth Dongre (CA Student) (76 Points)
27 May 2009Can anybody please Explain me What's all about GST?
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 28 May 2009
GST is a proposed unified taxation system to replace multiple taxes in the indirect side. Goods as well as services would be combined.
It would also help the honest tax payer/ exporters/ reduce the cost of compliance and the revenue cost of collection.
In India it is expected that the same would be in the form of central GST and state GST.
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