Journal of Management and Science
Vol. 7 No. 2 (2017): Vol 7, Iss 2, Year 2017
Articles

Gst in india: a key tax reform

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  • SUDHA B,
  • DHATCHINAMOORTHI P
SUDHA B
Asst Prof of Commerce Periyar University Constituent College of Arts and Science Pappireddipatty, Dharmapuri (dt) – 636905
DHATCHINAMOORTHI P
Asst Prof of Commerce Vivekanandha College of Arts and Sciences for Women (Autonomous)
DOI: https://doi.org/10.26524/jms.2017.74
Published June 30, 2017
Keywords
  • Tax, Indirect tax, Goods and Service Tax (GST), India.
How to Cite
B, S., & P, D. (2017). Gst in india: a key tax reform. Journal of Management and Science, 7(2), 220-228. https://doi.org/10.26524/jms.2017.74

Abstract

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 

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