National Journal of Multidisciplinary Research and Development

National Journal of Multidisciplinary Research and Development


National Journal of Multidisciplinary Research and Development
National Journal of Multidisciplinary Research and Development
Vol. 2, Issue 3 (2017)

GST: Taxation structure


Priya Srivastava, Dr. P Sekar

The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Lok-sabha on 6th May 2015 but is yet to be ratified by the Rajya-sabha. 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. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country.
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How to cite this article:
Priya Srivastava, Dr. P Sekar. GST: Taxation structure. National Journal of Multidisciplinary Research and Development, Volume 2, Issue 3, 2017, Pages 172-174
National Journal of Multidisciplinary Research and Development National Journal of Multidisciplinary Research and Development