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What is likely impact of recently introduced ""Goods and Service Tax – a single tax on goods and services"" on the economy’s PPC? |
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Answer» In GST this CASCADING effect is removed as the Input Tax Credit (“ITC”) is available for all goods and services at each and every stage of the supply chain. So, now the final price of goods and services was lowered due to the SEAMLESS FLOW of ITC between the MANUFACTURER, retailer and service providerExplanation: |
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