GST and SWOT Analysis in India perspective

Abstract

In India, a number of indirect taxes such as consumption taxes, duties, service taxes, sales taxes, income taxes and taxes are levied by the central or state government. Various attempts have been made to reform the structure of indirect taxes that makes the tax system simple, stable and burdensome. In the course of this reform we already introduce VAT and service tax. For even more important improvements, the implementation of GST is the next step in the direction of a comprehensive indirect tax reform.