Q 4. What principles were adopted for subsuming the above taxes under GST?

0
849
Print Friendly, PDF & Email

Ans. The various Central, State and Local levies were¬† examined to identify their possibility of being subsumed under GST. While identifying, the following principles were kept in mind: (i) Taxes or levies to be subsumed should be primarily in the nature of indirect taxes, either on the supply of goods or on the supply of…

This content is for annual and Semi Annual members only.
Log In Register