Is Goods and Services Tax A Milestone In Indian Economy

Abstract

Goods and services tax is the largest positive tax reforms indirect that spread around the world, there is an increase seen in more than 160 countries. India is currently implementing dodger constitutional changes from 1 July 2017 (100th amendment), 2016. Under GST there is only one tax rate for goods and services that the state imposes. In this article we try to study the tax on goods and services (GST) and the introduction schedule in India. The study is also aimed at identifying the benefits and effects of the Indian economy