GST reforming Single Market by Single Indirect Tax

Abstract

Indirect taxes are very true in India. In order to simplify the troublesome system of indirect taxes and to reduce the financial barriers between countries, the double structure GST was approved by the parliament and approved by the Indian president after passing the Indian parliament (Rajya Saba, Lok Sabha on August 3, 2016). ) received more than 50% of the legislature's approval. The Indian government is determined to implement all indirect taxes that the center and the state have levied on goods and services by April 2017 and the GST.