How Blockchain Can Prevent Tax Cascading in GST Frameworks?
The Goods and Services Tax (GST) was introduced as a unified tax system to replace multiple indirect taxes and eliminate the cascading tax effect, often called “tax on tax.” Despite its implementation, inefficiencies in processes, fraudulent claims, and invoice mismatches still lead to unintended cascading effects. Blockchain technology, with its decentralized and transparent nature, has […]
