GST Concept and Status (CBEC Dated: 01-07-2018)

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INTRODUCTION:

Whether it was uniformity of taxation and consequent interior free trade or possession of ‘the jewel in the crown’ at the root of prosperity of Britain is debatable, nonetheless the words of father of modern economics on the benefits of uniformity of system of taxation cannot be taken too lightly. Before implementation of Goods and Service Tax (GST), Indian taxation system was a farrago of central, state and local area levies. By subsuming more than a score of taxes under GST, road to a harmonized system of indirect tax has been paved making India an economic union.

DOWNLOAD THE PDF FILE HERE (39 Pages) Updated : 01 July 2018 by CBEC

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