• Manoj L Mishra

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. GST is one indirect tax for the entire country. The GST will have a ‘dual’ structure, which means it will have two components- the Central GST and the State GST. GST is expected to simplify tax administration, ensure ‘Ease of Doing Business’ and promote ‘Make in India.’ On bringing GST into practice, there would be amalgamation of Central and State taxes into a single tax payment. It would also enhance the position of India in both, domestic as well as international market.

Goods and Service Tax; Indian economy; Indirect tax

"An Exploratory Study on “Goods and Service Tax (GST)” & its impact on Indian economy.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 9, page no.262-268, September-2018, Available :http://www.jetir.org/papers/JETIR1809442.pdf

"An Exploratory Study on “Goods and Service Tax (GST)” & its impact on Indian economy.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 9, page no. pp262-268, September-2018, Available at : http://www.jetir.org/papers/JETIR1809442.pdf