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Fvamus fringilla suscipit ex, eu auctor neque fermentum et. Vivamus nulla sapien, dignissim a nunc quis, interdum malesuada eros. Ut commodo pellentesque magna nec ornare. Aliquam ultricies lacus eu iaculis consequat. Aliquam nec sodales purus. Maecenas pretium eros odio, id tempus augue consectetur et. Aliquam nec sodales purus. Maecenas pretium eros odio, id tempus augue consectetur et.
Every assessee is likely to pay tax when the tax administration become more effective and no individual can escape from the frame of taxation. Cascadian effect was one of the main problem associated with the former taxation system. Cascadian effect simply means double taxation.
The new tax policy giving more emphasize on transparency in tax administration. It allows a tax payer to understand how the tax burden determined. In the new system, to an extend cascadian effect can be avoid by allowing proper input tax credit.
India has the second larget population in the world and the market is a consumer orinted one. For a decade the cheap priced products from other neighbour countries were winning our market. Exice duty and additinoal duties and cesses imposed by the central government discouraged domestic producers from a large scale operation. The increased cost of production led low demand for the high priced domestic product where a close substitute quoted with less price availed in the market.
September 2017