International Journal of Applied Research
Vol. 7, Issue 2, Part A (2021)
The possible impact of biggest tax reform (GST) in India
The journey of Goods and Services Tax (GST) began in the year 2000 and it took 17 years to evolve this law. GST law finally came into force on 1st day of July 2017 and named as ‘ONE NATION ONE TAX’. GST is known as a single domestic indirect law levied on the supply of goods and services in entire country. This law in India is a comprehensive, multistage and destined based law which replaced many other taxes such as the VAT, excise duty, custom duty, services tax, etc. This paper aims to present the existing status of GST law in India and also examines the impact of its implementation on different sectors of economy.
How to cite this article:
Malika Sharma. The possible impact of biggest tax reform (GST) in India. Int J Appl Res 2021;7(2):31-34.