GST to be a Major Milestone for Indirect Tax Reform DTC required as a Clean Modern Replacement for existing it laws
GST
Dated:- 9-7-2014
In a non-market economy, in addition to laws, taxes and subsidies are used for encouraging or discouraging activities that the central planner considers good for the economy. India's complex tax system suffers from problems in both structures and administration. Uneven and high tax rates and uneven tax treatment of similar economic activities have induced distortions in the behavior of firms and households. Tax reform in India can improve the ease of doing business and promote efficiency and productivity growth.
There is consensus that the GST will be a major milestone for indirect tax refor
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