CBEC explains benefits of GST, taxability of imports and ITC mechanism

CBEC explains features / benefits of GST, states that it is the single Biggest Tax Reform undertaken since Independence to ease compliance which will benefit all the stakeholders viz. industry, Govt. and citizens and is expected to lower the cost of goods and services, boost the economy and make the products and services globally competitive; States that uninterrupted and seamless chain of input tax credit will avoid cascading of taxes; Article 269A constitutionally mandates ...