• K. Chandra
• S. vedhavalli
• P.Sukanya Devi

Goods and service Tax, a significant breakthrough and the next logical step towards a comprehensive Indirect tax reform in India. This paper gives an overview of GST and further discusses how the mechanism reduces the tax burden and other cascading effects. Brief description is given on the history of tax, GST background, introduction, salient features and illustration of reducing tax burden. Goods and service Tax system subsumes various taxes and avoids the problem of multiple or double taxation and other indirect taxes having cascading effect thereby reducing the burden of taxes. GST in India is expected to be a destination based consumption based levy. GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It is a taxation system where there is a single tax in the economy for goods and services. Its main objective is to consolidate all indirect tax levies into a single tax, except customs (excluding SAD) replacing multiple tax levies, overcoming the limitations of existing indirect tax structure, and creating efficiencies in tax administration

"AN OVEREVIEW OF GOODS AND SERVICE TAX", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.63-66, May-2019, Available :http://www.jetir.org/papers/JETIRBM06012.pdf

"AN OVEREVIEW OF GOODS AND SERVICE TAX", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp63-66, May-2019, Available at : http://www.jetir.org/papers/JETIRBM06012.pdf