11 August 2016

GST - Goods and Services Tax

GST - Goods and Services Tax

GST is the brain child of Narendra Modi Govt. introduced on 19.12.2014 by FM Arun Jaitley.

The Govt. says, this is comprehensive bill and will reduce black money, tax fraud and other benefits as it negates other taxes and duties like Excise Duty, Sales Tax and Central Sales Tax and other taxes which are levied State to State.

Raghubir Lal Anand not agree with the PM Narendra Modi that this is a panacea. Most of the trading community is in the habit of avoiding taxes and they will find some mechanism to avoid this. 

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