GSTnews item24 January 2018

Customs duty to hog the limelight

News Update

Customs duty to hog the limelight

Published Date: Jan 25, 2018
Source: ICAI PD Committee
The indirect tax structure has undergone a complete transformation with the roll out of the Goods and Services Tax in July 2017. Multiplicity of taxes and too many tax-levying authorities were the factors impeding the ease of doing business in the country. Revenue leakages due to tax evasion, lack of transparency and cascading taxes, were the other ills that plagued the previous indirect tax regime.
Read Original News Article