Implementation of goods and service tax (gst) in india: prospectus and challeneges
- Rajya Sabha, global economy, goods and services tax
There are blended reaction, ambiguous, controversies and viewpoint among
the Manufactures, traders and society about the Goods and Services Tax (GST) to be
implemented by Government of India from 1st April 2017 this year. Distinct new
organizations from all around the world focused on the bill unifying the country and it being
an achievement of the government. As the Goods and Services Tax Bill was passed in the
Rajya Sabha, it also brought India at the centre of the global economy. With the passing of
the bill, many international newspapers published their views on how the GST Bill brings a
new wave of economic reform in the country. The paper highlights the background,
Prospectus and challenges in Implementation of Goods and services Tax (GST) in India.
Certainly, the paper examines and draws out a conclusion.