GST in India: A Key Tax Reform
Published By: International Journal of Research - GRANTHAALAYAH | Published Date: December , 2015GST 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.
Author(s): Monika Sehrawat, Upasana Dhanda | Posted on: Jul 03, 2017 | Views()