Goods and Services Tax in India (GST): A Comp...

Goods and Services Tax in India (GST): A Comprehensive Analysis

Author Name : Mr. Prakash D Karigar

ABSTRACT The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. Paper highlights the Goods and Services Tax (GST), its meaning, framework, features, benefits, and challenges. It focuses a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes Goods and Services Tax (GST) is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout India. The major purpose behind development of GST is to subsume all sorts of indirect taxes in India like Central Excise Tax. The paper highlights a smooth implementation of the GST, regulate the goods and services tax regime in India.