Goods and Services Tax A Positive Reform

  • Prof. Sohan Lal Yadav Principal Harish Chandra Post Graduate College, Varanasi


India's tax structure was very complex for the GST. It was structured in different ways because it was inherently very complex. GST calculates one tax each time goods and services are delivered anywhere in the country. The Indian government allows simultaneous double GST models. In this model three terms are used: CGST, SGST and IGST. GST is a very large tax reform in the tax system of India. The network of goods and services tax was established by the Indian government (private company) in accordance with article 25 of the Companies Act 1956. The author defines the concept of GST and examines an example of tax calculation under the previous tax system and under GST. This whitepaper also examines the various benefits and challenges of GST. The author also discusses the taxes that are included in the GST.

Preamble accepted by India on 8 August 2016 in the Indian parliament (Rajya Sabha). It is planned to take action by April.


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Conference Paper