Volume : 5, Issue : 10, October - 2016

Goods and Services Tax: A Historical Movement for Indian Economy

Dr. Manas Naskar

Abstract :

<p>&nbsp;Various indirect taxes are applied to goods and services in India by the central government and state government. An up-gradation was required to rectify the major fault of the existing indirect tax structure. Goods and services tax (GST) are becoming one tax which includes all these taxes. This paper deals with the structure of the Indian taxation at the present scenario. The background, features of the GST and the impact of GST in the present Indian tax scenario are also dealt with. It is proposed to be considered that Goods and Services tax will remove all the complexity of the existing tax policy of India and will create a positive impact on Indian economy</p>