GST IN INDIA: A KEY TAX REFORM
DOI:
https://doi.org/10.29121/granthaalayah.v3.i12.2015.2898Keywords:
Tax, Indirect Tax, Goods And Service Tax (GST), IndiaAbstract [English]
GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from April 2010, but due to political issues and conflicting interests of various stakeholders it is still pending. It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market. It is expected to iron out wrinkles of existing indirect tax system and play a vital role in growth of India. This paper presents an overview of GST concept, explains its features along with its timeline of implementation in India. The paper is more focused on advantages of GST and challenges faced by India in execution.
Downloads
References
AgogoMawuli (2014): “Goods and Service Tax- An Appraisal”Paper presented at the the PNG Taxation Research and Review Symposium, Holiday Inn, Port Moresby,29-30.
Dr. R. Vasanthagopal (2011), “GST in India: A Big Leap in the Indirect Taxation System”, International Journal of Trade, Economics and Finance, Vol. 2, No. 2, April 2011.
EhtishamAhamad and Satya Poddar(2009), “Goods and Service Tax Reforms and Intergovernmental Consideration in India”, “Asia Research Center”,LSE,2009.
Girish Garg, (2014),“Basic Concepts and Features of Good and Service Tax in India”.
https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)_Bill
Nitin Kumar (2014), “Goods and Service Tax in India-A Way Forward”, “Global Journal of Multidisciplinary Studies”, Vol 3, Issue6, May 2014.
Pinki, SupriyaKamna, RichaVerma(2014), “Good and Service Tax – Panacea For Indirect Tax System In India”, “Tactful Management Research Journal”,Vol2, Issue 10, July2014
www.gstindia.com/basics-of-gst-implementation-in-india/
wwww.prsindia.org/billtrack/the-constitution-122nd-amendment-gst-bill-2014-3505/
wwww.taxguru.in/goods-and-service-tax/goods-service-tax-gst-2.html
wwww.thehindu.com/bussiness/industry/ten-things-to-know-about-gst-bill/article7137615.ece
www.top10wala.in/facts-about-gst-india-advantages/
Downloads
Published
How to Cite
Issue
Section
License
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
