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[ten] On top of that, the extent of regressive mother nature of the indirect tax is dependent upon the sort of indirect tax. Empirical evidence suggests that excise taxes are on the whole more regressive than VAT. This may be attributed to the fact that excise taxes are levied on products which include Alcoholic beverages, tobacco, and these item
Continuation of exemption currently available :-In see of the fact that underneath the GST plan, exemptions could be small, it may not be appropriate to progress on the assumption which the current exemptions would continue on underneath the GST dispensation. Restructuring of Operations: firms have needed to reevaluate and infrequently restructure