Gst- a biggest tax reforms in india : an overview
- Goods and services tax, GST in India,CGST , SGST, IGST.
Tax policy of a country plays a vital role on the economy.Direct and indirect
taxes are the main sources of tax revenue for any Government. Goods and Services Tax
(GST) is one of the biggest tax reforms in India after independence.This paper present an
overview concept and various tax slabs of GST. It was supposed to be implemented in April
2010. But due to political situations in India ,it was implemented in 1st July 2017. The total
tax of GST will be shared equally by both central and respective state governments/union