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Monday, July 23, 2018

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Cos begin tax planning on new GST exceptions

You can blame businesses for tax evasion but not for tax planning. Within hours of the GST Council reducing rates on 88 items, companies and tax consultants have got down to look at ways on how to make the best use of the mechanism to protect their margins, while staying on the right side of law to avoid anti-profiteering action.

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