Historical Perspective on Indirect Taxes in India: With Special Reference to GST

ABSTRACT

The Goods and Services Tax (GST) has been the most major indirect tax reform since 1947. The primary objective of the GST was to replace current taxes such as VAT, excise duty, service tax, and sales tax. It is imposed on made, sold, and consumed goods and services. GST is intended to solve the cascading impact of the current tax system and bring the nation closer together economically. This article examines the origins, goals, and consequences of the GST on India present tax system. The article then discusses the many benefits and possibilities of the GST. The research concludes with an evaluation of the situation a conclusion.

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