Original Study

Open Access

|

Peer-reviewed

Levy and G.S.T. (Goods and Service Tax) – India

Dr. Vipulkumar Ramanlal Patel

DIP: 18.02.003/20190401

DOI: 10.25215/2455/0401003

Received: January 03, 2019; Revision Received: February 20, 2019; Accepted: March 28, 2019

Abstract

The levy is an essential need for any country in order to provide public services and goods to its populace. Regrettably, levy also compels costs on populace both indirectly and directly. To neglect the inefficiency of levy and to balance the levy burden the government designs the levy structure and introduces various forms of levy, to get levied a little on many rather than to enforce more levy on a few populace in the market place the various types of levy’s exists which can be categorized in different ways. They are Business Taxes, Income Taxes, Personal Taxes, Consumption Taxes, Proportional, Regressive and Progressive Taxes, Sin Taxes, Revenue Taxes, etc. GST (Goods and Service Tax) is an indirect or Consumption tax applied on service or supply of goods at India. GST is applied at each production process step but is designed to be refunded to each populace involved at every stage rather than beneficial only to the end user. At this article the author will try to revive the details of various types of taxes, its effects and the GST and its implementation in India which have replaced the multiple hidden taxes.

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Dr. Vipulkumar Ramanlal Patel @ info@ijsi.in

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Levy and G.S.T. (Goods and Service Tax) – India

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.003/20190401

DOI: 10.25215/2455/0401003

Published in

Volume 04, Issue 1, January – March, 2019

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