• Akshay Kumar Chawla
• Dr. Vijay Shirivastav

The word tax is derived from the Latin word “taxo” which means a mandatory financial charge and taxation means the process to collect tax from the individuals and firms. Tax is collected by the government to fund the state sponsored schemas. In some countries tax is levy on flat rate of interest while in some other countries it is levy on scale bases. The taxation system of the country is the backbone of the country’s economic structure and therefore need to be reformed with time to time and GOODS AND SERVICE tax is one such reform.The goods and services tax (GST) is a value-added tax levied on most goods and services. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. GST is a reformative tool to reform the tax structure in the country and to enhance tax collection and to reduce tax invasion in the country. GST has been beneficiary to the Indian taxation system and has evolved since its first day of inception i.e. 1st July 2017. Goods and Services tax is an indirect tax that has replaced all indirect tax in India such as vat, sales tax, etc. The bill was passed in the Parliament on 29th March 2017 and became an Act which was enforced 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 year 2000 a committee was established to make GST law in the country, since then it took 17 years to implement this law. It was in year 2016 the bill was passed by Lok sabha and Rajya sabha. On 1st July 2017 the GST law was enforced. Under GST regime tax is charge at all level. In Intra-state sales Central GST and State GST is charged while in inter-state sales Integrated GST is charged. It is been almost two years since Goods and Services tax has been rolled out , replacing around 17 indirect taxes and a lot more cess. The expectation from GST was very high. Business houses weather small or big expected less tax , less paperwork, transparent laws, and easy book keeping .Consumer want to pay less taxes and taxpayers wanted a easy law to abide while the government want to take more business under tax ambit , thereby increasing tax ratio and maximizing profits. Goods and Services tax being one of the most celebrated taxation system and had upgraded Indian economy, and in my prospective is been working towards the betterment of the taxation structure of the Indian economy. GST has shown an effective short term and medium term gains ranging from broadening of the tax bases and improved tax collection to more ease of doing business. GST is a more mature policy which reflects the maturity of the institution and democratic trends. The phrase “ONE NATION ONE TAX” required “ONE LAW’ under a federal structure and GST serves as that law.

"GST AS A REFORMATIVE TOOL FOR INDIRECT TAXES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.434-439, April-2019, Available :http://www.jetir.org/papers/JETIR1904B66.pdf

"GST AS A REFORMATIVE TOOL FOR INDIRECT TAXES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp434-439, April-2019, Available at : http://www.jetir.org/papers/JETIR1904B66.pdf