Volume 06, Issue 07
Frequency: 12 Issue per year
Paper Submission: Throughout the Month
Acceptance Notification: Within 2 days
Areas Covered: Multidisciplinary
Accepted Language: Multiple Languages
Journal Type: Online (e-Journal)
ISSN Number:
2582-8568
One of the most significant changes to the nation's indirect tax structure is the Goods and Services Tax (GST). It integrates all state and federal indirect taxes into a single economy in a mixed macro economy tax system like India to create a seamless, strong, growing and prosperous national market. Since it is transparent and self-regulated, it will be easy to administer. In my view, it will be an important tool for the development of the country and to remove the loopholes in the current indirect tax structure. A large number of central and state indirect taxes will be combined to form a unified tax system and the cascading effect of double taxation will be greatly reduced.
GST, Indirect Tax, Indian Market, Sector, and effects