Service tax essay
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Goods and Services Tax (India) - Wikipedia
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Goods and Services Tax Essay – GD Topic Analysis
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Goods and Services Tax Essay and GD Topic Analysis
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GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer. However, Petroleum products , alcoholic drinks , electricity, are not taxed under GST and instead are taxed separately by the individual state governments , as per the previous tax regime. The tax came into effect from July 1, through the implementation of One Hundred and First Amendment of the Constitution of India by the Indian government.
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Goods and Services Tax Essay is the latest topic for any competitive exam. GST has been proposed in the Indian Parliament few months back and economists are deep diving to study its implications and feasibility of implementation throughout the country.
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India is marching towards the progress with the lightning speed. After the demonetization , the GST bill is one the biggest tax reforms in India since the independence. The GST bill is supposed to boost up the Indian economy is coming years.
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