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Saturday, July 1st, 2017

 

Will we be better off now with GST? Depends on what the effective rate will be in your state

According To India Vote Kar India made the biggest tax system reform in its history when it transitioned to the goods and service tax (GST) regime on Friday night. This is not only a change in the tax system, but this will also usher a big change in the federal system in the country. The states are giving up arguably much of their most important power: to impose taxes. So, on balance, will we, the people, be better off? There seems to be a variety of taxation systems in placeRead More