GST – An Indian Perspective

GST is an important tax reform in India. In the 'Make in India' project, the crux is value addition and GST is taken as an important step to accomplish it. Under present system for levying taxes difference is made between goods and services but it becomes difficult task when goods and services are packaged as composite bundles.. GST is a comprehensive tax levy on manufacture, sale and consumption of goods and services. It is destination based tax. The GST implementation in India is Dual in nature. In this paper concept of GST its types, various advantages are discussed the problems faced while implementing GST are discussed as its challenges.