Vol. 4, Issue 2 (2018)
Global value added tax (VAT)/ goods and service tax (GST) trends
Author(s): Dr. Sandhya Verma, Aishwarya Bisht
Abstract: Researcher feels that GST reinforces the success of system of indirect tax over any other form of taxation. Researcher also feels that expectations of taxpayers are in the form of simplicity and uniformity of tax structure, clarity, transparency and simple grievance redressal mechanism etc. Researcher highlights the key expectations from the proposed GST regime from economy standpoint as well as taxpayers perspectives. Researcher hope that with GST encouraged compliance, the sectors of the economy that currently constitute the parallel economy would enter the mainstream and further boost the GDP. Researcher also explains that with launch of GST, the check posts across the country are abolished ensuring free and fast movement of goods and with this Researcher describes the effects and impacts of GST.