INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Goods and services tax has a long way back journey. It has passes through several numbers of years. It has started its journey from UPA government but it implemented from NDA government on 1 July 2017.The concept of GST was started in the year 2003, the kelker task force on indirect tax had suggested a comprehensive goods and services tax based on VAT principle. The proposal to introduce a national GST by April 1, 2010 was first discussion started in the year 2006-07. The proposal involved reforms and restructuring of indirect taxes which levied by both the governments. The finance minister handover the responsibility of preparing a design and road map for the implementation of GST was assigned to Empowered committee. The Empowered committee released its first discussion paper on GST in November 2009 and in the year 2011 GST will was introduced in lok sabha and in the year 2016 GST council decided four slab rate GST structure of 5%, 12%, 18%, and 28%.GST is proposed as an indirect tax levy on the manufacture, sales and consumption of goods as well as services at the national and state level.
Keywords:
G-Goods ,S-Services, T-Tax.
Cite Article:
"JOURNEY OF GOODS AND SERVICES TAX IN INDIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.7, Issue 11, page no.247-251, November-2022, Available :http://www.ijnrd.org/papers/IJNRD2211126.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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