It is an indirect tax levied on the supply of goods and services.
It is proposed to be levied at all stages right from manufacture
up to final consumption with credit of taxes paid at previous stages available
It is proposed to be levied at all stages right from manufacture
up to final consumption with credit of taxes paid at previous stages available
as setoff.
In a nutshell, only value addition will be taxed and burden of tax
is to be borne by the final consumer.
is to be borne by the final consumer.
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