GST Law, 2017 - An Overview And Analysis
- IJLLR Journal
- Mar 3, 2024
- 1 min read
Adv. Rutuja B. Pathare, LL.M., Symbiosis Law School, Symbiosis International (Deemed University), Pune
ABSTRACT
Around the world, the Goods and Services Tax (GST) regime has become a revolutionary tax system with the goal of promoting economic growth and streamlining indirect taxation. This abstract offers a thorough analysis of the GST law, looking at its guiding ideas, organizational framework, and effects on the economy and business community. When the Goods and Services Tax (GST) was first implemented in India in 2017, it marked a shift from the previous multi-tiered tax structure in favour of a single tax system that included both goods and services. This abstract provides insightful information about how the GST law operates, emphasizing how it drives economic growth and harmonizes fiscal policy in the current multinational tax system.
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