IGST ensures that taxes compensated on inter-condition supplies are credited towards the importing point out, Along with the exporting point out collecting the tax. As an illustration, when merchandise are marketed from Maharashtra to Gujarat, IGST is levied as well as credit is transferred to Gujarat, in which the goods are received and eaten. Th
[10] On top of that, the extent of regressive character of an indirect tax is determined by the kind of indirect tax. Empirical evidence suggests that excise taxes are on the whole much more regressive than VAT. This may be attributed to The truth that excise taxes are levied on goods for example Alcoholic beverages, tobacco, and these products c
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