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GST has eliminated the cascading result. Tax is calculated only on the value-addition at Just about every phase on the transfer of possession. realize just what the cascading impact is and how GST helps by viewing this easy movie: linked finance ecosystem for course of action automation, better Handle, higher personal savings and productiveness a

[10] Also, the extent of regressive mother nature of the indirect tax depends upon the type of indirect tax.  Empirical proof indicates that excise taxes are in general additional regressive than VAT. This might be attributed to the fact that excise taxes are levied on items which include Alcoholic beverages, tobacco, and these products comprise a