GOODS AND SERVICE TAX ONE NATION ONE TAX IN INDIA.
- PhD Scholar, School of Law, Sharda University, Greater Noida, Uttar Pradesh, India.
- Associate Professor, Sharda University, Greater Noida, Uttar Pradesh, India.
- Abstract
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Goods and Service Tax is a significant and logical step towards a comprehensive Indirect tax reform in India. This paper analyses the concept of Goods Service Tax and further discusses their impact on the various sectors in India. Brief description is given on Goods Service Tax background and Goods and Service Tax models helps to reduce tax burden. It aims at creating a single and unified market benefiting both corporate and economy because this is the only Indirect tax that directly affects all sectors of economy, subsuming of many indirect taxes having a dual concept model operating at centre (CGST) and state (SGST) to maintain commonality.
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[Shuchi Sharma and Rupendra Prakash Yadav. (2018); GOODS AND SERVICE TAX ONE NATION ONE TAX IN INDIA. Int. J. of Adv. Res. 6 (Feb). 152-156] (ISSN 2320-5407). www.journalijar.com
Ph.D scholar in Sharda University
