Summarised beautifully!!! Regards,
Marshall *GST is one indirect tax for the whole nation, which will make India oneunified common market.GST is a single tax on the supply of goods and services, right from themanufacturer to the consumer. Credits of input taxes paid at each stagewill be available in the subsequent stage of value addition, which makesGST essentially a tax only on value addition at each stage.The final consumer will thus bear only the GST charged by the lastdealer in the supply chain, with set-off benefits at all the previousstages.--Albert Peres*
