Implementation of goods and service tax (gst) in india: prospectus and challeneges

Ramya R, Gnanaraj G
2017 Journal of management and science  
There are blended reaction, ambiguous, controversies and viewpoint amongthe Manufactures, traders and society about the Goods and Services Tax (GST) to beimplemented by Government of India from 1st April 2017 this year. Distinct neworganizations from all around the world focused on the bill unifying the country and it beingan achievement of the government. As the Goods and Services Tax Bill was passed in theRajya Sabha, it also brought India at the centre of the global economy. With the passing
more » ... ofthe bill, many international newspapers published their views on how the GST Bill brings anew 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.
doi:10.26524/jms.2017.48 fatcat:2fkuyi7ck5gb7cgeala4j5gaeu