- GST – Comparison – Indian GST - Canada Model GST – Federal Structure
Abstract
The newly implemented Goods and Service Tax (GST) system of India will bring 'One Nation One Tax' to unite the existing Indirect Taxes under one umbrella. The important motive of the government to enact the GST was to make our business Globally competitive, Efficient Tax collection, Easy inter-state movement of goods, Reduction in the corruption, Removing of cascading effect of tax, Higher threshold for registration, Online simpler procedures etc.. Goods and service tax is taking India by the storm. India has chosen the Canadian model of dual GST. France was the first country to implement GST to reduce tax-evasion. Since then, more than 140 countries have implemented GST with some countries having Dual-GST, for example Brazil and Canada. India has chosen the Canadian model of dual GST as it has a federal structure where the Centre and states have the powers to levy and collect taxes. This paper especially focused on Comparative Study of Indian GST with
Canada Model.