Goods and Service Tax

  • Dr Vinod Kumar Tewari Head of the P.G. Commerce Department, D.N.College, Fatehgarh

Abstract

India has posed a light of hope with ambitious growth targets during the global economic crises in last decade. These targets are supported by a bundle of strategic programmes such as the Make in India, Skill India, Digital India, Smart City, Jandhan Account campaigns etc. The Goods and Services Tax (GST) is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. GST is also expected to remove the cascading effect of taxation. In the coming years, India is projected to play a vital role in the world economy. The main idea behind introducing GST is to improve the economy of the nation. A single undivided Indian market would strengthen the economy and make a nation, powerful as well. The expectation of GST being introduced is high not only within the country, but also within neighboring countries and developed economies of the world.

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Published
2018-03-24
Section
Conference Paper