• RAMESH PULAVARTHI

In today’s globalized world all economic transactions are neutralized, liberalized and privatized. With the advent of LPG, entire world become global village, everybody have a right to sell and buy anything from anybody, this is the starting point of development and as well giving scope to cheat and manipulate the consumers with their own mechanisms, so in my paper I would like share some of my knowledge regarding this tax structure and reforms formed by both central and state governments known as Income Tax. Its compulsory for everyone who buys and who produce and who manufacture and who are called dealers and retailers have to pay some of money to the government, but the problem is no one wants pay the exact figure they have to pay that’s why the common man have not pursuing the what he wants for living, everybody wants profits but nobody wants share that profit in the name of income tax this is the reason why this one nation and one tax came into the picture. GST also known as the Goods and Services Tax is defined as the giant indirect tax structure designed to support and enhances the economic growth of a country. More than 150 countries have implemented GST so far. 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 Loksabha on 6th May 2015 but is yet to be ratified by the Rajyasabha. However, there is a huge hue and cry against its implementation. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country.

"A PAPER ON THE BIGGEST TAX REFORM IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.536-538, December-2018, Available :http://www.jetir.org/papers/JETIR1812378.pdf

"A PAPER ON THE BIGGEST TAX REFORM IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp536-538, December-2018, Available at : http://www.jetir.org/papers/JETIR1812378.pdf