World GST Scenario

  • Dr. Devanshu Gautam Assosiat Prof., Department of Commerce, Rani Durgavati Vishwavidyalaya, Jabalpur MP


Dissemination of VAT (Value Added Tax) or GST (Goods and Services Tax) system for global indirect taxes has shown an upward trend from 160 countries and 34 from 33 countries of the Member States Economic Cooperation Development (OECD), preferring the VAT sales tax Used in the form of. Malaysia is a country that recently underwent GST from 1 April 2015; the current government announced the schedule for the introduction of GST in India until 1 April 2016. The country introduced VAT / GST for existing tax systems and for various reasons in the European Union. Another reason for establishing a cross-border ease of development of the common market, promote and trade and economic as a result of deformation sales tax reduce European Union (EU) VAT / GST to replace the transactions was to the income tax increase income decrease due to regular consumption up. Another reason for profit-neutral access was (Norway, New Zealand, etc.). Other provinces moved to VAT / GST, where several sales taxes consolidated and modernized other existing tax rate structures. This study is intended to understand the tax structure of GST and its impact in other countries.


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