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Authors
Affiliations
1 Department of Economics, C.P.D. Govt. College, Pithora, Dist. Mahasamund (CG), IN
2 Department of Commerce, C.P.D .Govt. College, Pithora, Dist. Mahasamund (CG), IN
Source
International Journal of Reviews and Research in Social Sciences, Vol 3, No 4 (2015), Pagination: 153-155
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.
