Goods and Services Tax in India: A Study on Benefits and Challenges

Sundari Suresh and C Vijai
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Sundari Suresh: ITM Business School
C Vijai: Sriram Arts & Science College

Shanlax International Journal of Commerce, 2018, vol. 6, issue S1, 162-167

Abstract: There are mixed response, inexplicit, arguments and opinions among the Manufactures, traders and society about the Goods and Services Tax (GST) to be implemented by Government of India from 1st April 2017 this year. Various news organizations from all around the world focused on the bill unifying the country and it being an achievement of the government. As the Goods and Services Tax Bill was passed in the Rajya Sabha, it also brought India at the center of the global economy. With the passing of the bill, many international newspapers published their views on how the GST Bill brings a new wave of economic reform in the country. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India. Finally, the paper examines and draws out a conclusion.

Keywords: Tax; Indirect tax; Goods and Service Tax (GST); India (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:acg:sijcom:v:6:y:2018:i:s1:p:162-167

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