Tag: current v/s gst

Cascading Effect under Current Tax Regime v/s GST

Cascading Effect under Current Tax Regime v/s GST

Cascading Effect of Taxation Cascading effect of taxation is one of the major problems in the current indirect-taxation regime. It can be simply understood as tax-on-tax. One of the primary goals of any taxation regime is to avoid “taxation over taxes”. Tax-on-tax inflates the price of the goods or services, the burden of which is … Continue reading Cascading Effect under Current Tax Regime v/s GST