A Research Paper On Critical Evaluation Of Literature Review On Gst In India

Abstract

GST is a destination based tax on consumption of goods and services. It is levied at all stages i.e. from manufacturing of goods and services to its final consumption. Under GST credit of  taxes which are paid at previous stages are available for set off thereby, providing relief to the taxpayers from cascading of taxes(tax on tax).

GST is a new form of tax which has replaced most of the indirect taxes into one.

It is a biggest indirect tax reform in the history of taxation system of India. Main burden of GST is to be borne by consumer. The paper study past literature of GST for its critical evaluation and thereby helps in fulfilling research gaps.