(3.227.0.150)
Users online: 1931    [ij] [ij] [ij] 
Email id
 

Journal of Commerce and Management Thought
Year : 2017, Volume : 8, Issue : 2
First page : ( 219) Last page : ( 233)
Print ISSN : 0975-623X. Online ISSN : 0976-478X.
Article DOI : 10.5958/0976-478X.2017.00012.X

GST in India: A Layman's guide

Roy Arunabha

Research Scholar, University of Calcutta, Kolkata, Email: aroy_87@outlook.com

Online published on 18 July, 2017.

Abstract

The Goods and Services Tax (GST) is going to be the most crucial and significant tax reform in India post-independence. The proposed GST regime will make India a tax neutral national market by subsuming most of the prevailing indirect taxes. It will simplify the existing heterogeneous indirect tax system by eliminating tax cascading and multiple tax levy. The paper highlights the flaws of current indirect tax structure, the evolution process of GST in India and the proposed Concurrent Dual GST Model. The paper further explores various benefits of GST from the point of view of different stakeholders. Finally, the paper throws light on some concerns and draws a conclusion after giving some recommendations.

Top

Keywords

Tax, Indirect Tax, Goods and Services Tax, Tax Reform, Cascading Effect, Input Tax Credit.

Top

  
║ Site map ║ Privacy Policy ║ Copyright ║ Terms & Conditions ║ Page Rank Tool
488,737,299 visitor(s) since 30th May, 2005.
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.