GST in India: Expectations and challenges
India is ready to implement its “Goods and Services Tax (GST)†act from 1st April 2017. It is expected that GST will minimise all the loopholes of existing tax system in India. However, critics argue that the euphoria over GST camouflages the deadly assault to tax policy as a means of promoting...
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| Format: | Article |
| Language: | English |
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ACCB Publishing
2016-11-01
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| Series: | Space and Culture, India |
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| Online Access: | http://www.spaceandculture.in/index.php/spaceandculture/article/view/215 |
| Summary: | India is ready to implement its “Goods and Services Tax (GST)†act from 1st April 2017. It is expected that GST will minimise all the loopholes of existing tax system in India. However, critics argue that the euphoria over GST camouflages the deadly assault to tax policy as a means of promoting equity and efficiency. This review on GST highlights the challenges over GST claims. It has been observed that to implement GST effectively, both centre and state have to go hand in hand.
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| ISSN: | 2052-8396 |