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Thursday, April 03, 2014

GST has serious implications

Today, the House begins debating Goods and Services Bill (GST). Once it becomes law, it has long-term implications. It enables the Government to collect taxes from the value of goods or services in a transaction (sale or purchase).
     In 1954, France was the first country to introduce GST. Now, almost half of the national revenue of the country comes from GST.

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