Streamlining Corporate Taxation: Insights into the Goods and Services Tax (GST) Act
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Streamlining Corporate Taxation: Insights into the Goods and Services Tax (GST) Act

Byrlo

Streamlining Corporate Taxation: Corporate taxation in India underwent a significant transformation. The introduction of the Goods and Services Tax (GST) Act aimed to streamline the indirect tax structure. Before GST, businesses faced a complex web of taxes. These included excise duty, service tax, and value-added tax (VAT). GST consolidated many of these taxes into a…

Streamlining Corporate Taxation: Insights into the Goods and Services Tax (GST) Act
| | | | | |

Streamlining Corporate Taxation: Insights into the Goods and Services Tax (GST) Act

Byrlo

Streamlining Corporate Taxation: The Goods and Services Tax (GST) Act, a landmark legislation in India, revolutionized the country’s indirect tax landscape. Introduced in 2017, this comprehensive tax reform aimed to streamline the complex web of taxes and create a unified market. However, despite its transformative potential, the GST Act presents numerous complexities and challenges that…