competition success review magazine subscription
competition success review magazine subscription Published this articles page no 1 The Goods and Services Tax (GST) is a consumption tax based on the credit invoice method where only the value addition at each stage is taxed with a seamless flow of credit along the supply chain. It subsumed in its ambit a large number of consumption taxes that previously existed in India administered separately by the Centre and the States resulting in a greatly rationalized taxation structure. The umbrella system of GST inter alia integrated the tax administrations of the Federal and State Governments making it a single interface for the taxpayers creating an IT backbone that would match the details of inward & outward supplies at the level of line items competition success review magazine subscription
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