STATE HAVE VALID REASONS TO BE ANGRY WITH CENTRE ON GST COMPENSATIN ISSUE
FINANCE MINISTRY HAS TO TAKE CARE OF PRESSING FINANCIAL NEEDS DURING PANDEMIC
2020-10-22 16:37
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Prior to the roll-out of the Goods and Service Tax (GST) from July 1, 2017, states had substantial power to levy origin-based indirect taxes and levies such as sales tax or VAT, octroi, entry tax, entertainment tax, etc. GST introduced a consolidated levy of destination-based taxation across the nation, with the erstwhile system of fragmented taxes and levies being subsumed within its ambit.