Introduction The Goods and Services Tax (GST), introduced in India in 2017, was one of the most significant indirect tax reforms in the country’s history. It aimed to replace the complex web of state and central taxes with a unified system, ensuring “One Nation, One Tax.” However, over the years, issues such as multiple tax…
Introduction Taxation has always been a cornerstone of governance, as it provides the necessary revenue for the state to carry out developmental, administrative, and welfare activities. India, being a federal country with a unique distribution of powers between the Union and the States, has a complex taxation structure. Until 2017, India had a web of…
Introduction The Goods and Services Tax (GST), implemented on 1st July 2017, marked a historic reform in India’s indirect taxation system. It replaced multiple taxes levied by the central and state governments, creating a unified tax structure. GST is a destination-based tax levied on the supply of goods and services, designed to simplify compliance, reduce…