GST And Indian Economy
“The Consumer is the King Today, and With GST we intend to bring uniformity in Taxes.”
These were the words of PM Narendra Modi when the Constitutional Amendment Bill was passed by the Parliament paving the way for the introduction of a whole new and progressive indirect taxation regime which we commonly call as GST. GST, now let‟s take a pause and see what is GST, how will it work, how the Indian economy will be benefitted from this, and the challenges of implementing a uniform system in a diverse country. We will analyse each and every point in detail in the following paragraphs.