Good and Service Tax is the largest Indirect tax reform in India. Which is going to impact the way business is carried out at pan India level. It’s going to replace almost all the existing Indirect tax or levies like Excise Duty, Service Tax , VAT, Entry Tax etc. It’s impact will vary across the different kind of businesses.
Reduction or increase in working capital requirement on account of Input Credit . Output tax which will depend on nature of industry (Manufacturing, Trading or Service) and the business model (Business to Business or Business to Consumer).
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