Gst-Nation on The Path Of One Tax

Geetanjali Bhutani


Goods & Service tax is a comprehensive value added tax on goods and services. It is collected on value added at each stage of sale or purchase in supply chain. There is no differentiation between the goods & services for the levy of taxes. It passes through all stages of production & distribution that’s why the tax is borne by the final consumer.GST subsumed 17 indirect taxes in order to single tax system. It also provides the benefit of input tax credit. Input tax credit is the backbone of GST taxation system. The concept of GST was first mooted in 2000 under the Prime Minister ship of Shri Atal Bihari Vajpayee in India. Then the recommendations of various committees and efforts of number of joint working groups of officials of Centre and State Government result into the launch of GST on July 1, 2017. The GST reform is expected to bring in a lot of changes in Indian economy. The present structure of Indirect Taxes is very complex in India. There are so many types of taxes that are levied by the Central and State Governments on Goods & Services. This paper studies the impact of GST on Indian economy.

Full Text:



  • There are currently no refbacks.

Copyright (c) 2018 Edupedia Publications Pvt Ltd

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.


EduPedia Publications Pvt Ltd, D-351, Prem Nagar-2, Suleman Nagar, Kirari, Nagloi, New Delhi PIN-Code 110086, India Through Phone Call us now: +919958037887 or +919557022047

All published Articles are Open Access at

Paper submission: or


Mobile:                  +919557022047 & +919958037887


Journals Maintained and Hosted by

EduPedia Publications (P) Ltd in Association with Other Institutional Partners

Pen2Print and IJR are registered trademark of the Edupedia Publications Pvt Ltd.