Solve trade barriers between states
The objective of GST is to simplify and streamline the indirect tax regime in the country. While moving precious commodities from one state to another, VAT is charged. This VAT is refundable in some states and non-refundable in other. Hence, carrying business in different states becomes difficult. Implementation of GST will remove VAT and hence, the commodities can be moved freely from one state to another.
Chetan Thadeshwar
MD, Shringar House of Mangalsutra
Mumbai
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