International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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FORMULATIONAND IMPLEMENTATION OF GST IN INDIA
1 Author(s): T P PAVANI
Vol - 8, Issue- 11 , Page(s) : 308 - 314 (2017 ) DOI : https://doi.org/10.32804/IRJMST
In developing countries like India, indirect taxes constitute a major part of tax stream. VAT, Excise duty, customs duty, service tax are some of the examples of indirect taxes. Subsuming all these Indian government launched, on 1st July 2017, a single indirect tax regime in the country called GST.GST is levied on all transactions such as sale, transfer, purchase, barter, lease, or import of goods and/or services. India adopted a dual GST model, meaning that taxation is administered by both the Union and State Governments. Transactions made within a single state are levied with Central GST (CGST) by the Central Government and State GST (SGST) by the State governments