Features of Goods and Service Tax in India
Purohit Vishal
Introduction of the value added Tax (VAT) at the central
and the state level has been considered to be a major step-an important step forward
– in the globe of indirect tax reforms in India. If the VAT is a major improvement
over the pre-existing Central excise duty at the national level and the sales tax
system at the state level, then the Goods and Service Tax (GST) will indeed be an
additional important perfection – the next logical step – towards a widespread indirect
tax reforms in the country.
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