Author: Abhani Dhara K
Abstract: The journey of the Goods and service tax has been far long. It is the indirect type of tax. It has been divided in five slabs. I.e. 0%, 5%, 12%, 18% and 28%. The tax has been come in to the effect as on 1st July, 2017. The GST has replaced many of the state and central level taxes. The tag line for the GST is, “One nation, on taxâ€. It has replaced many complicated taxes and simplified the tax structure. A paper is mainly focuses over the key idea of GST and finally tries to represent those data which shows that, GST surely prove a master stroke for Indian economy. It may take some time but surely will have a huge impact on the economy.
Keywords: Goods and Service Tax, CGST, SGST, IGST, economy etc
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