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- W3013848729 abstract "The GST bill, known as the Goods and Services Tax, was introduced in LokSabha in December 2014 and was implemented from July 1, 2017. Goods & Services Tax is amultistage and destination-based tax that is levied on every value addition to the goods. GST wasintroduced with the aim of one nation one tax system. Goods and Services tax (GST) is a valueadded tax levied on most goods and services sold for domestic consumption. The GST is paid byconsumers, but it is remitted to the government by the businesses selling the goods andservices.Under the GST bill all other taxes like Octroi, Central Excise VAT i.e. the value addedtaxes etc., got consolidated into one and it restructured the indirect taxation. The basic idea ofthis bill was to create a single, cooperative and undivided Indian market and to make theeconomy stronger and powerful. GST has divided the goods and services into various categoriesand applied the tax from 5 % to 28 %. It has positive and negative impacts." @default.
- W3013848729 created "2020-04-03" @default.
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- W3013848729 date "2020-03-05" @default.
- W3013848729 modified "2023-09-23" @default.
- W3013848729 title "A IMPACT OF GOODS AND SERVICES TAX IN INDIA" @default.
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