Briefly explain the following features of GST law in India : Consumption based tax
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2018
Briefly explain the following features of GST law in India : Consumption based tax
Answer & Explanation:
GST is a consumption based tax i.e. tax payment accrue to the state where consumption of supply takes place. Exports are not taxable because place of consumption is outside India whereas imports are taxable as place of consumption is in India.
Topics: Goods and Services Tax
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