The Journey

The Goods & Services Tax (GST) implemented in July 2017, is the biggest tax reform in the indirect taxation in India and marked a revolutionary step in India’s economic history. It subsumed a complex web of indirect taxes (levied both by center & states like, Central Excise Duty, Service Tax, Customs Duty, Additional Duties, CST, VAT, Octroi, Entry Tax, Purchase Tax, Luxury Tax, Entertainment Tax etc.) into a unified, destination based taxation system, thus replacing old indirect tax system. GST consolidated most of these central & state taxes into a single, unified tax. The mantra of GST is “one nation, one tax, one market’’; it aimed to streamline taxation, eliminate cascading effects, and foster unified market. Over eight years, GST has enhanced the tax base & boosted reven

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