Impact of GST on Private Sectors in India
Series: . 1 & 2 ; 8Publication details: 2018-04-16Description: 20Subject(s): Summary: "Indias biggest tax reform is now a reality in the form of GST also known as the Goods and Services Tax. a comprehensive dual Goods and Services Tax(GST) has replaced the complex multiple indirect tax structure which is also known as cascading tax effect which simply means a tax on tax from 1 July 2017. The foremost objective of GST is to embody the principle of one nation, one tax, and one market, and unifying the country's| Item type | Current library | Status | Barcode | |
|---|---|---|---|---|
| Article | St. Francis Institute of Management and Research | Available | AR0700 |
"Indias biggest tax reform is now a reality in the form of GST also known as the Goods and Services Tax. a comprehensive dual Goods and Services Tax(GST) has replaced the complex multiple indirect tax structure which is also known as cascading tax effect which simply means a tax on tax from 1 July 2017. The foremost objective of GST is to embody the principle of one nation, one tax, and one market, and unifying the country's trillion economy and 1.3 billion people into common market for private sectors the elimination of multiple taxes will improve the ease of doing business, Inflation will come down, tax avoidance will be difficult. This paper seeks to enlighten the positive and negative effect of GST especially on the private sectors in India."
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