The Centre and states have concurrent powers to levy GST and the new indirect tax regime will result in a reduction of prices for consumers and broaden the tax base, Revenue Secretary Hasmukh Adhia said according to the PTI. At a workshop on Goods and Services Tax (GST) organized under the Speaker's Research Initiative (SRI) in Parliament Library Building today, Adria explained how the existing multiple taxes at the central and state level will be merged into a single tax.
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The Centre and states have concurrent powers to levy GST and the new indirect tax regime will result in a reduction of prices for consumers and broaden the tax base, Revenue Secretary Hasmukh Adhia said according to the PTI. At a workshop on Goods and Services Tax (GST) organized under the Speaker's Research Initiative (SRI) in Parliament Library Building today, Adria explained how the existing multiple taxes at the central and state level will be merged into a single tax.
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