date:Jan 14, 2016
sector. Since these two taxes would be subsumed under the dual GST, it is seen to be advantageous for the sector to streamline product prices. The seamless flow of input credit on services will be available to offset tax on goods. This will help the sector to design tax optimised structures with high logistic cost of short shelf life goods, storage and warehousing besides other operating and administrative costs, he said.
The present issues on classification in state VAT for various forms of fo