Business Daily from THE HINDU group of publications
Monday, Jan 11, 2010
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Jan 11, 2010 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Taxation Columns - For the Asking GST and prices Will the proposed Goods and Services Tax (GST) result in reduction of prices? Sampath Mohanty, Balaghat Well, price rise is a phenomenon affected only partially by the indirect taxes. Yes, to the extent GST, which is going to be tax on value addition, will lead to a reduction in prices because Value-Added Tax (VAT) eschews the cascading effect, that is, tax on tax and tax on the preceding sales built into the current sale already taxed. In a full tax, the government enriches itself unduly each time the goods change hands either as they are or as a part of the inputs that go into the finished goods. S. MURLIDHARAN ASK! Send in your queries to ask@thehindu.co.in More Stories on : Taxation | For the Asking
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