Indian Goods & Services Tax: - A Review of Its Introductory Stage, Structure, Implementation and It’s Contribution Towards Sustainable Economic Development and Challenges in the Current GST System

Abstract

     

In this paper, we have studied analysis of structure, implementation and it’s contribution towards sustainable economic development and challenges in the current GST system. The success of any scheme or program is analysed through its power to transform the standard and welfare state of human beings and their ability to reduce inequality in the society and contribute to the growth of country. GST plan is a change towards traditional taxation system in India. The introduction of GST would be a very significant step in the field of indirect tax reforms in India. This paper revealed the concept of GST, and it’s evolution in India, then it discusses the problems and potentials regarding GST and it’s contribution towards sustainable economic development.