Abstract

GST is one of the most crucial tax reforms in India which has been longpending. It was supposed to be implemented from April 2010, but due to political issues andconflicting interests of various stakeholders it is still pending. It is a comprehensive taxsystem that will subsume all indirect taxes of states and central governments and unifiedeconomy into a seamless national market. It is expected to iron out wrinkles of existingindirect tax system and play a vital role in growth of India. This paper presents an overviewof GST concept, explains its features along with its timeline of implementation in India. Thepaper is more focused on advantages of GST and challenges faced by India in execution

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