• All indirect taxes to subsume in one taxation law : GST.


• Taxes on property  and Taxes on Income being part of direct taxes continue to coexist as the only other two forms of taxes.


• No other tax on a transaction is levied in any other form. Transaction tax – Better terminology


• All transactions for all goods or services shall be liable to tax without discrimination , except the rate of tax.


• All trade barriers to be removed, so that taxes on all inputs be eligible to credit / setoff against output tax. This is like making the country as single free market.

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