What is it about?
About the Goods and Services Tax (GST) impose by the government replacing all current indirect taxes with a single comprehensive tax. GST help in reduction of tax evasion, Control over the circulation of black money and lower burden of taxes.
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Why is it important?
the study on GST imposed by government of India tries to conclude that how it would be disrupted and benefits the economy in the long run.
Perspectives
The Goods and Services Levy (GST) consolidated all indirect taxes into a single tax. For every service and business, this made the tax system easier and simpler.
Jamil Ahmad
Aligarh Muslim University
Read the Original
This page is a summary of: Goods and Services Tax: Benefits and its Impact on Indian Economy, International Journal of Engineering and Management Research, August 2021, Vandana Publications,
DOI: 10.31033/ijemr.11.4.17.
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