GST and its Effects on Common Man
Goods and services taxes are regarded as the largest tax reforms since 1947. This tax system tries to reduce the tax system so that one tax is levied on the supply of goods and services. The bill replaces the 15 states and federal taxes of the federal government, with the emphasis on cooperative federalism and the mission to unite the Indian economy. The government wants to implement the GST on 1 April 2017 and these efforts will be continued. The main expectation is that the ground sign goes a long way in facilitating companies and enables India to compete with World Trade.