Monday, November 29, 2010

Agriculture income exempted but inputs taxed: RGST

Agriculture income exempted but inputs taxed

IT is to some extent true that RGST is not a new tax rather a reformed form of General Sales Tax, which had already been in place for the last 20 years and the government is only trying to reform and extend its scope, but the positive aspect of these reforms still go wasted, as agri income will not come under tax net despite the claim of the government that all sectors, which were previously exempted from the GST, will now be included in the tax network.>>>> More

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