An Overview of Goods and Services Tax (GST) in India

Abstract

There is a major change coming in the field of the taxation system of the Indian economy where a single tax called as GST (Goods and Service Tax) is going to replace multiple indirect taxes of the economy which will give various advantages to the different sectors of the society however some disadvantages have too. The present study tries to find out the merit and demerits of Goods and Service Tax along with its impact on Indian economy.

Key words: Indirect Taxes, GST, Indian economy, Supplies