Overview of GST in India
| Vol-3 | Issue-10 | October 2018 | Published Online: 10 October 2018 PDF ( 161 KB ) | ||
| DOI: https://doi.org/10.5281/zenodo.1467212 | ||
| Author(s) | ||
Ramandeep Kaur
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1Dept. of Business Management Gujranwala Guru Nanak Institute of Mgt &Technology Ludhiana (India) |
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| Abstract | ||
GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from April 2010, but due to political issues and conflicting interests of various stakeholders it is still pending. It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market. It is expected to iron out wrinkles of existing indirect tax system and play a vital role in growth of India. This paper presents an overview of GST concept, explains its features along with its impact on Indian economy. The paper is more focused on advantages of GST and challenges faced by India in execution. |
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| Keywords | ||
| Goods and Service Tax (GST), Indirect Tax, Input Tax, Consumer | ||
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