• Surve kiran govind

India has witnessed substantial reforms in Indirect taxes over the past two decades and is on the verge of another major reform initiative which will bring this process to a culmination. The objective of this study is to find out the impact of tax systems on the profitability of the organization and growth of the revenue in India and the state of Maharashtra. The past experience in Maharashtra and elsewhere have shown that half baked reforms in the name of VAT have done more harm than good in evolving a tax system required for a competitive environment. It is important to assess how this scenario changes from Sales tax to VAT and VAT to GST. Sales tax can be levied either by the Central or State Government. State sales taxes that apply on sales made within a State have rates that range from 4 to 15 per cent. Sales tax is also charged on works contracts in most states and the value of contracts subject to tax and the tax rate vary from state to state.

CENVAT, Multi-Stage sales tax

"Goods and Service Tax in India – A study of overview, challenges, way forward & It’s Impact on Manufacturing Industry with reference to Pune district", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.249-254, May-2019, Available :http://www.jetir.org/papers/JETIR1905838.pdf

"Goods and Service Tax in India – A study of overview, challenges, way forward & It’s Impact on Manufacturing Industry with reference to Pune district", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp249-254, May-2019, Available at : http://www.jetir.org/papers/JETIR1905838.pdf