Good and Service Tax A New Concept In India

  • Prof. Vinod Kumar Gupta Principal, Vidya Mandir Degree College Kaimganj, Farrukhabad

Abstract

This white paper analyzes the impact of GST (goods and services tax) effects on Indian tax scenarios. Here is a brief description of the historical scenarios of the tax and tax structure in India. Then the need to change the tax structure from tradition to GST model is increased. The GST is discussed in detail in this white paper about the background, silent features and the impact of the GST on contemporary scenarios in India. Goods and services tax (GST) is a value-added tax that will be implemented in India, and the decision is undecided. GST is the only indirect tax that directly affects all sectors and sectors of our economy. Ignorance is no excuse, but since you are responsible for the panel clause, you start learning GST and avoid the costs of ignorance. That is why we must all be prepared or forced to learn it. The Goods and Services Tax (GST) is intended to create a single integrated market that provides benefits for business and the economy.

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Published
2018-03-23
Section
Conference Paper