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

Implementation of goods and service tax (gst) in india: prospectus and challeneges

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  • Ramya R,
  • Gnanaraj G
Ramya R
Research Scholar, Department of Commerce, Bishop Heber College (Autonomous), Tiruchirapalli, India
Gnanaraj G
Dean of Academics - Arts, Associate Professor and Head, Department of Commerce, Bishop Heber College (Autonomous), Tiruchirapalli, India
DOI: https://doi.org/10.26524/jms.2017.48
Published June 30, 2017
Keywords
  • Rajya Sabha, global economy, goods and services tax
How to Cite
R, R., & G, G. (2017). Implementation of goods and service tax (gst) in india: prospectus and challeneges. Journal of Management and Science, 7(2), 330-333. https://doi.org/10.26524/jms.2017.48

Abstract

There are blended reaction, ambiguous, controversies and viewpoint among the Manufactures, traders and society about the Goods and Services Tax (GST) to be implemented by Government of India from 1st April 2017 this year. Distinct new organizations from all around the world focused on the bill unifying the country and it being an achievement of the government. As the Goods and Services Tax Bill was passed in the Rajya Sabha, it also brought India at the centre of the global economy. With the passing of the bill, many international newspapers published their views on how the GST Bill brings a new wave of economic reform in the country. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India. Certainly, the paper examines and draws out a conclusion.

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