Tag: cascading effect of taxes
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Goods and Services Tax: A New Era
By Nitesh Jindal, Dr Ram Manohar Lohia National Law University, Lucknow. Goods and Services Tax (GST) is an indirect tax which will bring transparency and effective governance in the country. It is a destination-based tax levied at multiple stages, starting with the manufacturing stage, to the sale of goods stage, whose overall burden has to…