cascading effect
ashwini pareek (10 Points)
19 May 2017
How will GST remove the cascading effect of taxes?
3 Replies
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1448 Points)
Replied 19 May 2017
In Short To say:-
VAT is computed on Excise. Now in GST there is no question for tax on tax as this is One Nation One tax.
ROHIT YADAV
(Finance Analysist)
(607 Points)
Replied 19 May 2017
cascading effects of taxes means tax on tax. in current system of indirect taxation vat is calculated on excise part also, in GST regime it will eliminate.
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