G.S.T.: A TAX REFORM IN INDIA
Keywords:
GST, Amendment, challenges and opportunities, benefits, impact on economyAbstract
Taxation is an important instrument in the hand of government to perform their duties of economic civilization and check the economy. Taxation is not new concept; it has old philosophy at national and international level. In old concept Kautilya Shastra and Manusmriti also proved its old philosophy.
Tax is a compulsory payment and divided into two parts — Direct and Indirect Tax. So, to fulfill the requirement of expenditure, Government made amendments in tax laws and taken initiative in way to tax reform. GST is one of them. There are several reasons are responsible for new tax reform. In this paper I have to make an effort to focus on GST and their different aspect.
References
http://articleseconomictimes.indiatimes.co.
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Report of task force on implementation of GST
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www.123gst.com
“Modi to quit as SGT panel head today”. The Telegraph (Calcutta, India). 16 June 2013. Retrieved 17 June 2013
Modi in Modi Out : Splitting headache for UPA on GST. First post 17 June 2013. Retrieved 17 June, 2013.
www.thehindubusinessline.com
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