Statements:** Should all the indirect taxes in India be combined into a single tax on all commodities? Arguments: I. Yes. This will considerably simpl...
Question
Statements:** Should all the indirect taxes in India be combined into a single tax on all commodities?
Arguments:
I. Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce.
II. Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection.
III. No. No other country has adopted such system.