With the Goods and Services Tax (GST) set to roll out on July 01, 2017, expectations and anxieties are high with individual taxpayers and businesses trying to gear up for a brand new tax regime.
Components of GST
To be able to make the most of the new indirect taxation law, taxpayers need to understand its components well.
The GST Council which was set up by the Central Government to execute GST implementation, has proposed a new tax framework-structure for GST.
Source URL: https://blog.capitalfloat.com/taxes-subsumed-gst-gst-components
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