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A CRITICAL ANALYSIS ON GOODS AND SERVICES TAX IN INDIA
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Author(s):
BARLA MALLESH YADAV
Vol - 8, Issue- 11 ,
Page(s) : 147 - 153
(2017 )
DOI : https://doi.org/10.32804/IRJMST
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Abstract
GST is one of the biggest reforms in Indian taxation system in post independent era. It is a reform which has taken decades to get a shape. It abolished around 15 state and central indirect taxes to bring uniformity in indirect taxation system. Pre-GST system was a blend of taxes at different levels like central, state, local which lead to double taxation and confusion in the market. There is a hue and cry is going on about GST in Indian economic and political scenario. By implementing GST reform in India; it abridges different tax rates in different states. The motto of GST is “one nation one market one tax” it would make India as a country for ease of doing business which attracts more foreign investments and which also leads to growth of economy by producing lakhs of employment opportunities
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