An exploratory study on evolution & implementation of gst in india
This paper is a brief description of the historical scenario of Indian taxation and its tax
structure. Then why there is a need for the change in tax structure from traditional system to
GST model. Goods and service tax is a new story of VAT which gives a widespread setoff
for input tax credit and subsuming many indirect taxes from state and national level.
Evolution of GST has be detailed discuss in this paper as the background, silent features,
Problems, efforts of government etc. The implementation of a comprehensive GST in India is
expected to lead to efficient allocation of factors of production thus leading to gains in GDP
and exports. Though a number of initiatives by the various machineries at the Centre, the
present taxation regime is marked as cumbersome, complicated and unfriendly. It is in this
perspective, the Central government has entrusted Dr.Vijay Kelkar, Chairman of 13th
Finance Commission to suggest a rational, scientific and modern but unified system of
taxation in tune with developed nations form the base behind the introduction of Goods and
Service Tax (GST) in India.