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HomeTag: Tax

Tax

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ITC on Construction Expenses – Macro Outlook on Bones of Contention

Every indirect taxation system contains a credit/set-off mechanism to avoid the cascading effect of taxes incurred at the previous stage. The credit framework should be wide in ambit and with the least exceptions. Yet the lawmakers choose to keep a long list of goods and services outside the basket. By Puneet Bansal and Neha Jain

  • April 2, 2020
  • 51
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