Manisha Patawari
Central University of South Bihar
Sanjay Prakash Srivastava
Central University of South Bihar
Date Written: June 20, 2020
Posted: 1 Jul 2021
Goods and Service tax is the Comprehensive levy on the goods and services at the stage of consumption. This paper will try to highlight the changes in out indirect structure that has finally resulted in the introduction of GST. This paper gives a detailed account of how we started with L.K. Jha Committee report in 1976 and ended up with 101st Constitutional Amendment Act that led to the unification of the Economy. The GST is also very important from the view of Cooperative federalism because the introduction of GST was not possible if the State and Central Government would not have forgo some of there power to tax under 7th schedule. The paper has tried to cover the whole journey of GST and the need for integrated tax structure in India. The paper will further evaluate the policy changes and its impact in past 3 years.
Source: ssrn.com
Latest Posts in "India"
- Industry Threatens Strike from January 15 Over Delayed GST Refunds
- Import of Restricted IT Hardware – Update
- Gujarat HC: Transfer of Industrial Leasehold Rights Not Taxable Under GST
- Kerala HC: IGST Credit in Electronic Ledger Can Offset CGST, SGST Liabilities and Vice Versa
- Gujarat HC: Refund of Compensation Cess ITC Allowed on IGST-Paid Exports, Statute Prevails
