📄 Abstract
<p>GST is the one of the biggest indirect tax reform after India’s independence. It was introduced in India on 1<sup>st</sup> July 2017. It is destination based consumption tax of goods and services. This paper presents an overview of GST concept, historical background and its structure. This paper is also discussed various advantages and disadvantages of GST in different angle. This paper is descriptive in nature and completely based on the data and information available from secondary sources. GST simplifies tax structure and helps in the development of the general national market. It is expected that all sectors of the economy will be equally affected by the introduction of GST.</p> <p><strong>KEY WORDS: </strong>GST, GST council, Cascading effect, Input tax credit, VAT, Service tax.</p>
📚 How to Cite:
Sanjay Dawn , Volume 5 , Issue 9, september 2017, EPRA International Journal of Economic and Business Review(JEBR) ,