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GST reforms: Average GST liability rate is expected to fall to 4-6% under new structure
The comprehensive overhaul of the rate structure of the goods and services tax (GST) under the Next Gen reforms is seen to have significantly lowered the tax liability on households, which is expected ...
Inverted Duty Structure: The Goods and Services Tax (GST) was introduced in 2017 with the promise of “One Nation, One Tax.” While it simplified many indirect taxes, it also created some unexpected ...
Before the latest notification, cigarettes and other tobacco products were taxed under a layered structure combining GST with ...
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