Vol. 7 No. 2 (2017): Vol 7, Iss 2, Year 2017

Pros and cons of gst

Head, Department of Commerce, Bharathidasan College of Arts and Science, Ellispettai, Erode – 638 116. TamilNadu, India
Professor, Department of Commerce, Government Arts and Science College, Udumalpet-642 126. TamilNadu, India
Published June 30, 2017
How to Cite
S, A., & S, K. (2017). Pros and cons of gst. Journal of Management and Science, 7(2), 208-213. https://doi.org/10.26524/jms.2017.26


India is currently going through major reforms in its overall economic sectors.GST is one such kind of great reform. GST is unified indirect tax across the country on the Goods and Services. In the earlier system of Indirect Tax, the tax is levied at each stage separately by the Central Government and State Government at different rates, on the full value of goods as well as the services. But in this GST system, tax will be levied only the value added at each stage. So the government states that this GST is ―one India one Tax‖.This paper focuses on the concept, the benefits which the country will accrue from GST, the impact of GST on manufacturing, entertainment and Service Sectors.


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