A tableau displaying objectives of Goods and Services Tax (GST) was showcased on Thursday during the Republic Day parade at Rajpath in New Delhi.
The front part of the tableau highlighted the objectives of GST-like replacement of multiple Central and State level indirect taxes by it along with the basic essence of the proposed tax - one nation, one tax, one market.
The rear portion different expected benefits of the GST like growth in investment, production of goods, services, etc.
GST, the indirect tax regime aims to subsume a multitude of taxes, is the single biggest tax reform initiative undertaken since Independence.
The tableau was by Central Board of Excise and Customs (CBEC), apex indirect taxes related policy making body.
With PTI Inputs