Essay on GST in English — 1400 Words Essays (Top 3).
The main thrust of the present study is to make a detailed survey of GST's existing literature and to place an outlook on its probable effect on Indian economy.
GST Bill (which was long pending) was passed in Lok Sabha. It was possible after a very long journey flooded with challenges, confrontations, and what not. At last, the GST bill has entered the phase of implementation, which will come into effect from July 1, 2017. GST would make changes in the tax structure between the center and the state.
The Goods and Services Tax (GST), implemented on July 1,2017, is regarded as a major taxation reform till date implemented in India since independence in 1947.
Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
A STUDY ON GST (GOODS AND SERVICES TAX) AND ITS IMPACT ON AUTOMOBILE INDUSTRY IN INDIA 1Saravana Rajan S ,2Kirubagaran K 1BA.LLB (Honours), Saveetha School of Law, Saveetha Institute of Medical and Technical Sciences, Saveetha University, Chennai -77, Tamil nadu ,India.
The secret of change is to focus all your energy, not on fighting the old, but on building the new. Likewise, in past few years, there had been a lot of changes made in the Indian Economy. But we also need to change the way we look at our economy.
Essay on GST and its Impact on Business in India. A just and viable tax regime is vital for the sustainable economic growth and fiscal consolidation of any economy in the world.