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A Study on Goods and Service Tax in India


Affiliations
1 Department of Economics, C.P.D. Govt. College, Pithora, Dist. Mahasamund (CG), India
2 Department of Commerce, C.P.D .Govt. College, Pithora, Dist. Mahasamund (CG), India
     

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Goods and service tax is an indirect tax that brings together. Most of the taxes that are imposed an all goods and service under single banner. The GST however is a comprehensive from tax based on a uniform rate of tax for both goods and services. However, the GST is payable only at the final point of consumption. In introduction of goods and service tax (GST) would be a significant step in the reform of Indirect tax in India. The present research paper is a focused to study on advantages and challenges of GST in India. The new GST will ensure the greater uniformity in the tax rates throughout the country and will end the cascading effects.

Keywords

Goods and Service Tax, Value Added Tax.
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  • A Study on Goods and Service Tax in India

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Authors

Ravi Kumar Prabhat
Department of Economics, C.P.D. Govt. College, Pithora, Dist. Mahasamund (CG), India
Shrivas Kirti
Department of Commerce, C.P.D .Govt. College, Pithora, Dist. Mahasamund (CG), India

Abstract


Goods and service tax is an indirect tax that brings together. Most of the taxes that are imposed an all goods and service under single banner. The GST however is a comprehensive from tax based on a uniform rate of tax for both goods and services. However, the GST is payable only at the final point of consumption. In introduction of goods and service tax (GST) would be a significant step in the reform of Indirect tax in India. The present research paper is a focused to study on advantages and challenges of GST in India. The new GST will ensure the greater uniformity in the tax rates throughout the country and will end the cascading effects.

Keywords


Goods and Service Tax, Value Added Tax.