International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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ALL INDIA GOODS AND SERVICE TAX
1 Author(s): SHIKHA GARG
Vol - 8, Issue- 7 , Page(s) : 42 - 47 (2017 ) DOI : https://doi.org/10.32804/IRJMST
The introduction of GST is a significant step in the field of indirect tax reforms in India. By subsuming a large number of central and states tax into a single tax, it mitigates cascading or double taxation in a major way and pave the way for a common national market. From the consumers’ point of view, the biggest advantage is in terms of a reduction in the overall tax burden on goods, which is currently estimated at 25 per cent to 30 per cent. Introduction of GST is also expected to make Indian products competitive in domestic and international markets.The purpose of this paper is to study GST, its timeline, features, working and limitations.