GST, Goods and Service Tax, Taxation in India

The GST Council, a panel of Union and state finance ministers, has met three times till now. Though con sensus has been the mode of decision­making, the process will not be smooth in the days to come. Very important decisions like tax rates, mobilising revenue to give compensation to states and division of tax administrative powers between the Union and the state governments will see tough negotiations and prolonged discussion.

The objectives set for this study are 
1 To study and analyze origin and growth of service tax in India.
2 To study and analyze provisions of Service Tax in India.
3 To study incidence and effects of service tax and it’s shifting either  forward to customer or sharing a part of the burden by service provider’s themselves.
4 To study the levy and collection administration of service tax in India & the efficiency of tax administrator in collection of Service Tax revenue.
5 To study the problem and prospects of Service tax in India

Students preparing for CS Executive Tax Laws will find the high-quality content on CS Executive Tax Laws MCQ PDF extremely helpful. You can find a pool of CS Executive Tax Laws Questions and Answers given a er extensive study to meet the latest exam patterns and syllabus. Chapterwise CS Executive Huge Question Bank can help you cover the syllabus smartly and achieve good results in exams. Learn about the Tax Laws Chapter Weightage by going through further modules. Tax Laws MCQ for CS Executive New Syllabus Refer to the Chapterwise CS Executive Tax Laws MCQ and prepare whichever topic or chapter you face di iculty at first. In order to access them, you just need to tap on the quick links and prepare according to your choice from the CS Executive Tax MCQ Book PDF.

Students preparing for CS Executive Tax Laws will find the high-quality content on CS Executive Tax Laws MCQ PDF extremely helpful. You can find a pool of CS Executive Tax Laws Questions and Answers given a er extensive study to meet the latest exam patterns and syllabus. Chapterwise CS Executive Huge Question Bank can help you cover the syllabus smartly and achieve good results in exams. Learn about the Tax Laws Chapter Weightage by going through further modules. Tax Laws MCQ for CS Executive New Syllabus Refer to the Chapterwise CS Executive Tax Laws MCQ and prepare whichever topic or chapter you face di iculty at first. In order to access them, you just need to tap on the quick links and prepare according to your choice from the CS Executive Tax MCQ Book PDF.

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied on the supply of goods and services. This law has replaced many indirect tax laws that previously existed in India. GST is one indirect tax for the entire country. This article deals with Analysis of GST Collection of India.

Withdrawing units of money from circulation is demonetisation; units of money are denied the status of legal tender. Demonetisation is defined as a process by which currency units will not remain legal tender. The currency notes will not be taken as valid currency. Demonetisation is a step taken by the government where currency units are ceased of its status as legal tender. Demonetisation is a basic condition to change national currency. In other words, demonetisation can be said a change of currency where new units of currency replace the old one. It may involve the introduction of new notes or coins of the same denomination or completely new denomination. The currency has been demonetised thrice in India. The first demonetisation was on 12th January 1946 (Saturday), second on 16th January 1978 (Monday) and the third was on 8th November 2016 (Tuesday). The study attempts to understand meaning and reasons of demonetisation, the sector-wise impact of demonetisation. This study also gives an insight into the positive and negative impact of demonetisation on Indian economy. This study is of descriptive nature so all the required and relevant data have been taken up from various journals, magazines for published papers and websites. Books have also been referred for theoretical information on the topic as required.

Goods and Services Tax popularly known as GST a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. This research paper highlights the positive and negative impact of the GST in the Indian Tax System.

The Good and services tax (GST) is the biggest and substantial indirect tax reform since 1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty, service tax and sales tax. It is a comprehensive tax regime levied on manufacture, sales and consumption of goods and services. It is expected to bring about 2% incremental GDP growth of the country. So, GST is the need of the hour. GST is expected to address the cascading effect of the existing tax structure and result in uniting the country economically. The paper highlights the basic concept of GST and its impact on Indian tax scenario. The paper further explores various benefits and opportunities of GST. Goods and Services Tax (GST) in India: GST also known as the Goods and Services Tax is defined as the giant indirect tax structure designed to support and enhances the economic growth of a country. It is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. More than 150 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015 and got implementation on 1st July 2017. The central government had assured states of compensation for any revenue loss incurred by them from the date of GST for a period of five years. However, no concrete laws were made to support such action. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% and 18%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. The GST aims at streamline the taxation structure in the country and replaces a gamut of indirect taxes with a singular GST to simplify the taxation procedure. On bringing GST into practice, there would be amalgamation of Central and State taxes into a single tax payment. It would also enhance the position of India in both, domestic as well as international market. At the consumer level, GST would reduce the overall tax burden, which is currently estimated at 25-30%. The system will phase out all indirect taxes and only GST will be applied as an indirect tax. It will apply on both Goods and Services. Taxes like excise duty, VAT, service tax, luxury tax etc will go with GST's implementation.GST is essentially a consumption tax and is levied at the final consumption point. The principle used in GST taxation is Destination Principle. It is levied on the value addition and provides set offs. As a result, it avoids the cascading effect or tax on tax

Education is one of the major sectors of any
economy. The education of country’s youth decides
how the economy of that country will flourish.
Education promotes understanding, vision,
creativity and productivity of people which helps in
the advancement of a country. In India, Education
is provided with both by the public as well as
private sector. Indian government’s foremost
priority is to provide low-cost education to each
and every person. That’s why education
sector enjoys lots of tax exemption as they are not
taxed or comes in the negative list. For every
benefit received, there is a cost which could be in
form of tax also. Perhaps this seemed never so real
than today in the Indian context. The much
thoughtful leaders of India have spared the
education sector all along from levy of taxes
considering the importance of the same for the
country. If a country wants to grow manifold than
building infrastructure for education and educated
infrastructure (people of the country) is a prerequisite.
The more knowledgeable the human
capital of a country is more are its chances of
development. While 'education' continues to be of
utmost importance for the country's economic
growth, it also has been a priority for the
Government in extending tax benefits and other
concessions to boost education (both primary and
professional or technical) in the country.
Through this research paper researcher wants to
show that, the concept of GST of Indian taxation
system and the impact of GST in education sector
as well as students life style also.

The research is related to the covid impact on GST. It shows the impact of COVID on GST collections. The data is taken from the time GST was introduced. It mainly focuses on the trouble for the government to collect the tax. During Lockdown, which was imposed on March 2020, there was a huge economic loss that our country has seen ever. All the sectors were totally closed. People were not able to earn the income and all the sectors have affected. Due to less income, it was difficult to pay the taxes. Though government gave some tax reliefs to file the GST. The research describes about the pre and post covid impacts. The data is collected from 2018 to 2020. The summary of 36 months has been taken where the real effect is seen from March 2020 to Dec 2020, the time where lockdown was fully imposed. The corona has affected the world economy. The data has been taken from the Government official site GST council. It also shows the dispute between the state and central government during COVID for their compensation for not having adequate collection of GST. The central politics have played an important role in this revenue for June were higher than the current month. During May month taxpayers has also paid taxes pertaining to February, march, and April on account of relief provided due to covid.

A year after GST was launched on July 1 2017, administration of the new tax regime is still facing quite a few challenges that keep it from being what it was envisaged to be - a good and simple tax. But the new tax regime is here to stay and signs indicate that it is on its way to stabilise and deliver. Yet for quite some more time, it will continue to remain a work in progress.

The year 2017 is regarded as a landmark in Indian economic history as it witnessed the implementation of one of the most important economic reforms in India - the Goods and Services Tax (GST), which subsumed almost all indirect taxes at the Central and State levels. This so-called ‘one nation, one tax’, aims to provide a simplified, single tax regime similar to several major economies across the world. This single tax has streamlined a number of indirect taxes and has made businesses more efficient. The implementation of the GST was widely supported by the industry, which looked at this tax reform as an opportunity to redefine its supply-chain model, enhance IT processes, and evaluate its internal and external arrangements to minimise their tax costs. However, after multiple policy updates, it seems that not everything has unfolded as planned. GST in India not only boasts one of the highest tax rates but also consists of the largest number of tax slabs. In addition to this, there exists increasing compliance burdens, along with technical and compliance issues. The present study is an attempt to understand the barriers to the smooth implementation of GST along with highlighting the basic concept of GST and its model in Indian context.

The Goods and Services Tax (GST) has been touted as the single biggest tax reform in the Republic of India. The GST Act proposes to replace all the indirect taxes with a single GST. The profound positive impact of the Act has been reflected in many works in literature. However, the Act has also been criticised for its complex and retrospective nature. The current academic papers on GST are mainly focused on the brighter side of it and very few of them have provided an all-encompassing picture of the Act. In this backdrop, the present article attempts to highlight the benefits and concerns related to this Act by taking cues mainly from the write-ups published in the newspapers as well as academic works.

This paper is an analysis of the impact of GST (Goods and Services Tax) on Indian Tax Scenario. The Good and services tax (GST) is the biggest and substantial indirect tax reform since the year 1947. The main idea of GST is to take over existing taxes like value-added tax, excise duty, service tax and sales tax. GST will be levied on manufacturing of sales and consumption of goods and services and is expected to address the tumble effect of the existing tax structure and result in uniting the country economically. Its main objective is to maintain a plebeian between the basic structure and design of the CGST, SGST and SGST between states. GST is a new story of VAT which gives a widespread setoff for input tax credit and contains many indirect taxes from state and national level. The main aim of GST is to create a single, unified market which will benefit in the development of country's economy. India is a democratic country and therefore the GST will be implemented parallel by the central and state governments respectively. In this article, I have discussed GST and highlighted on the objectives of it. Consequently, I also put a light on the possible challenges, threats, and opportunities that GST brings to strengthen the free market economy. Finally, the paper examines and draws out a conclusion.

Goods service Tax is one of the most crucial tax reforms in India which is a prolonged resolution. There is a diverse response, inexplicit arguments and opinions about GST amidst of Manufactures, traders and the society. Finally, The Indian Government brought some changes in the Indian tax system through GST act in the Indian economy on 1 st July 2017.GST is a single uniformed indirect tax system which is introduced to substitute Central and State indirect taxes such as VAT, CENVAT, and others. GST applies to all kinds of businesses, small or large. This leads to one of the greatest tax reforms in the country. The idea is to bring the unified tax structure in the nation. It is also widely acknowledged that GST brings a series of changes in the businesses as well as the way of operation. Even the Retail Industries got no exemption. The focus of this paper is to study and understand the level of awareness of retailers towards GST and to distinguish the sales and profits before and after GST.

Purpose: - Traditionally India's tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India's majority of population was poor and thus widening base of direct taxes had inherent limitations. But the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering productivity and slower economic growth. There are endless taxes in present system few levied by Centre and rest levied by state, to remove this multiplicity of taxes and reducing the burden of the tax payer a simple tax is required and that is Goods and Service Tax (GST). This paper throws an insight into the Goods and Service Tax concept and its impact on Indian economy.

Design/Research Methodology/Approach: - The paper is based on secondary data. The paper is based on extant literature and internet sources have been used. The various articles, researches, government reports, newspapers, magazines, various websites and the information on internet have been studied.
Key Findings: - The macroeconomic impact of GST is significant in terms of growth effects, price effects, current account effects and the effect on the budget balance. In developing open economy with growing service sector, a change in the tax mix from income to consumption-based taxes is likely to provide a fruitful source of revenue. The proposed structure will simplify the procedure which will end up with equal opportunity for all the markets and in other hand will leads reduced tax evasion.

Research Limitations/Implications: - The present study provides a starting-point for further research in this field. This further can be explained with respect to real benefits in India after successful implementation of GST. 

Keywords: - Tax, GST, VAT, CGST, SCGT, IGST

Goods and Services Tax (GST) will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of tax on the cost of goods and services. The GST creates one nation one tax to replace a slew of complex ones that differ from state to state. The present structure of Indirect tax is very complex in India. There are so many type of taxes that are levied the Central and State Government on Goods & Services have been subsumed under GST. It has its own impact on FMCG sector too. Since the price of majority FMCG product has been reduced. Certainly demand for the product has been increased. At the same time, because of same rates in all states and allowing of Inter – state input credit i.e (traders can avail credit of tax paid in other states also which was not available earlier .), Supply will also be increased as more and more trader will come to the market. Ass most of our population resides in India. Rural sales & marketing will surely be impacted by GST in positive note.

On the issue of denying the payment of GST compensation to the States and instead asking them to borrow, the Centre may have been legally correct, but it must not be forgotten that the states had made a huge sacrifice in surrendering their taxing powers while agreeing to implement the GST regime. In federal relation, trust is as important a legality.

The success of any social scheme or program is analysed through its power to transform the lifestyles and welfare state of human beings and their ability to reduce inequality in the society and contribute to country's growth. Our policy makers have deliberated a sequence of taxation to curb on this problem which we have been facing since independence. GST plan is one of them which have focused on welfare state of people. This paper is an theoretical comprehension of the impact of Goods and Services Tax over Indian Tax system. GST is the only indirect tax that directly affects all sectors and sections of our economy. The concept features and the framework of GST have been discussed in this paper. A couple of countries implemented this tax system followed by France, being the first country to introduce GST. India is a federal democratic and therefore the GST was implemented parallel by the Central and State governments as CGST and SGST respectively. The present paper focused on explaining the concepts of GST and its evolution in India. Then it discusses the problems faced by the country with respect to its implementation and how did it impact the economy at its initial stage.

“101st Constitution Amendment Act” i.e. GST Act 2016 has been passed by Indian parliament on September 8th, 2016 and as it is given in the notification of the GST Council on September 15th, 2016. The way to GST implementation is clear now. Indian Government and GST Council have worked very hard to enforce GST, one of the biggest indirect tax reforms globally, with effect from 1st July 2017. GST, a destination based tax, is proposed to be levied at all stages from manufacturing till consumption with the facility to set off credit of taxes paid at earlier stages. It is very much clear that only addition in the value of goods/services will be taxed under GST and final burden of tax is to be charges by the final consumer. Almost all indirect taxes levied by States and Center would be subsumed by GST except the taxes levied on Electricity, Alcohol for human consumption, Petroleum Products viz. motor spirit (petrol), natural gas, high speed diesel, petroleum crude, and aviation turbine fuel.
As it is being claimed by authorities that GST is a win-win package for all the parties involved in indirect tax system in India, like Easy compliance, Uniformity of tax rates and structures, Removal of cascading, Improved competitiveness, Gain to manufacturers and exporters are the main benefits for business and industry where as States and Central government are benefitted on the grounds of Administration (i.e. simple and easy), leakage (i.e. better leakage control), revenue efficiency (i.e. higher) and Consumers are benefitted coz of single taxation and overall lower tax on most of the commodities. Experts are showing their confidence in this GST draft for domestic trade, but pointing out many issues on export taxation under this GST regime. Attempting to know the feasibility of GST’s current format and its implications focusing particularly on Indian Export Sector, this study takes the discussion on the next level and reveals how and why exporters may require extra working capital to run their export business, along with other export related aspects which may be the cause of hurdles in dealing with current GST rules.

With the origin of COVID-19 in December, 2019 from China, the novel corona virus gradually reached all the countries of the world and has caused severe loss of human lives and damage to the economy of the country. The global economy has been shattered during this pandemic time. India is no exception and various sectors of Indian economy have witnessed severe pandemic consequences. Virus has affected GDP, employment, tax collections and various other aspects of Indian economy. GST which is a combined format of various indirect taxes in India is a significant indicator of economic activities important for the economy of the nation. The present study has been designed to analyze the impact of corona pandemic on GST collections during the period between January 2018 and December 2021, which is a pivotal marker for assessment of the economy.

Goods and services tax or GST is an important fiscal instrument to ensure efficient, equitable and sustainable economic growth. India switched over to GST in 2017, bringing all economic activities, including those related to agricultural sector, under its ambit. Most agricultural services remain exempted from GST, and tax rates on several inputs and commodities have been reduced. Tax rates on machines and equipment used in dairy industry have marginally been reduced, while dairy products have been brought under tax net. Tax incidence machines and equipments used in agro-processing has increased. These changes in tax rates are likely to influence prices of inputs and their usage; adoption of technologies and prices of agricultural commodities and thereby farm profits. In this paper, we have attempted to highlight likely impacts of GST on input prices and cost of cultivation of important crops.

The major source of revenue for any nation is the Tax. Currently, companies and businesses pay lot of indirect taxes such as VAT, service tax, sales tax, entertainment tax, octroi and luxury tax. Once GST is implemented, all these taxes would cease to exist. There would be only one tax, that too at the national level, monitored by the central government. GST is also different in the way it is levied at the final point of consumption and not at the manufacturing stage. This research paper highlights the impact of GST on Indian economy on the Indian Tax System.

Tax policies play an important role in the economy through their impact on both efficiency and equity. There are number of indirect taxes either levied by the central government or by state government. They are imposed on import, manufacture, sale and even purchases of goods and services. The laws of these taxes aren't well-defined in terms of Acts, circulars and notifications that are given by relevant government bodies. It can be burdensome trying to understand every feature of indirect taxes in India. GST is a logical step and a major breakthrough in the history of tax reforms in the country. The subsuming of major centre and state indirect taxes would reduce the cost of locally manufactured goods and services. This is likely to increase the competitiveness of Indian goods and services in the international market and to boost Indian exports. The main objective of the paper is to discuss the key features of GST in India. The paper also evaluates the rationale of GST in India. GST is likely to improve tax collections and boost India's economic development by breaking tax barriers between States and integrating India through a uniform tax rate.

India is ready to implement its “Goods and Services Tax (GST)” act from 1st April 2017. It is expected that GST will minimise all the loopholes of existing tax system in India. However, critics argue that the euphoria over GST camouflages the deadly assault to tax policy as a means of promoting equity and efficiency. This review on GST highlights the challenges over GST claims. It has been observed that to implement GST effectively, both centre and state have to go hand in hand.

Indian market, new tax reformed scheme was introduced to generate government's revenue equally between the state and center. This scheme was introduced by the governments between the state and ce implemented by the state governments which varies one state to another state of the country. Ear a tax upon tax implemented on the goods and services and it was again between producer and consumers, which we call it as one type of monopoly, broken by the center government. But due to this Goods and Service Tax introducing in Indian markets reflects on the small scale and medium scale manufacturing units. So this paper focused on to my notion, this GST implementation policy is like a ''Wet and Draught'' unemployed, which were dependant on t their industrial work. Such relevant affects was shown only after GST introduced. Generally, it was slogan as " One Nation, One Tax and One Market " and finally termed as GST. The tax word is carved from the Latin word [1] contribute in terms of paying money willingly to that government where the person lives but they expect a lot of facility from that government like well garde Due to this the term tax refers to enforced contribution of the people of that place in the name of toll collection by state govt., tribute, import/export duty, excise, custom duty, sub But when goods transport from one place to another in the country then goods will be taxed while crossing the boundries came in between manufacturer and the consumers. Center govt. focused to reduce thes that the cost of the produced product is reduced and the consumers can be relaxed from old levels of tax systems, which varied the cost of the product. Consider a production of goods, now there are many levels of tax collection points between manufacturer and the consumers. GST is a single indirect tax for the whole nation, one which will make India a unified common market. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer. So GST is focuse Abstract ndian market, new tax reformed scheme was introduced to generate government's revenue equally between the state and center. This scheme was introduced by the center government because of the conflicts made by state governments between the state and center. Although, it was necessary because of various types implemented by the state governments which varies one state to another state of the country. Ear a tax upon tax implemented on the goods and services and it was again between producer and consumers, which we call it as one type of monopoly, broken by the center government. But due to this Goods and Service Tax introducing n markets reflects on the small scale and medium scale manufacturing units. So this paper focused on to my notion, this GST implementation policy is like a ''Wet and Draught'' unemployed, which were dependant on t their ts was shown only after GST introduced. Generally, it was slogan as " One Nation, One Tax and One Market " and finally termed as GST. countries, direct tax, sectors, industries, economy etc.

GST Council is a unique experiment in cooperative federalism and it has worked well until the issue of Compensation to the states came up. Here, the Centre needs to be more accommodative of the needs of the states. While the present composition of the GST Council may allow the Centre to overrule the states, it is unlikely to set a good precedent. The states, especially, the non-BJP ruled states need to be taken on board and the GST Council has to be worked with care to ensure the success of the GST as well as the institutionalisation of the process.

The study has reviewed the prior literature on tax reforms and GST to synthesize the research findings and to direct the future research avenues. Literature on tax reforms has attained momentum in developing countries for the last two decades and in India when it had decided to implement GST from 2017-18. Adopting the Systematic Literature Review technique by accessing the academic e-journals of selective publishers and applying a filtering process, the study has reviewed 119 sample papers published during 2002-2016 by focusing on objectives and results of those cited papers. Results have documented the tax reforms that have been executed globally with multiple objectives; it has admitted with few limitations, practice implications have pointed out and sketched the roadmap for posterior studies especially in the transition period in India when it would shortly move to GST regime.

The main objective of this study is to find out has GST had an impact on CPI and also to know the percentage variations that has occurred in CPI basket after the implementation of GST. The data has been collected from secondary sources like Ministry of Statistics and Programme Implementation. CPI data from July 2016 to July 2018 were taken. The study found out that every group of the CPI basket have had an increase after the implementation of GST.

Essence In the ever changing economic scenario globalization, liberalization and privatization policies of the Government, in recent years, have made an indelible impact by bringing into force new economic system in India. At the present scenario, goods and service tax (GST) is part and parcel of each and every Indian. GST in India would be a biggest step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market. GST is expected to be another milestone in the economic growth in India. GST also make Indian products competitive in the domestic and international markets. During the later part of the 20 th century the "globalization" wind which swept across the countries embraced all the countries including those which were hither to consider as conservative and communist, either by policy or rule now-a-days GST like that. India is the hub of taxes where people pay many taxes which create confusion for them. GST is an indirect tax which will be the only way of supplying goods and services across the country from manufacturers to the consumers, which will transform the whole country into a seamless trading. Apart from manufacturing sector, logistics, warehousing and even the common man will benefit from the amendment. GST will be beneficial to the Centre, States, Industrialists, Manufacturers, the common man and the country at large since it will bring more transparency, better compliance. Previously, we saw two types of taxes and there were different Value Added Tax (VAT) laws in different states. GST is essential for the development of the country it will help to improve the country's gross domestic product (GDP). According to a report from the National Council of Applied Economics Research (NCAER), after the GST was implemented, the increase in GDP from 0.9 to 1.7 per cent estimates. GST will increase government revenue by increasing the base. After the GST is implemented, the rate of tax will be from 0 to 8 per cent on essential commodities including food items so that, the common man will be able to fulfill their needs. Thus, GST has had a hot topic of discussion everywhere in India. Therefore, we need to be aware of different aspects of GST.

GST or The Goods and Services Tax which is set to roll out from 1st of July, 2017 nationwide in India
is being touted as the single biggest indirect tax reform in the Indian taxation system since independence and it’s
expected to make the tax structure simple with a seamless credit chain. GST is the integrated indirect tax which
is levied on the supply of goods and services. There will be dual GST with the Center and State simultaneously
levying it on the common tax base. The CGST and SGST will be charged on intra-state supplies whereas IGST(
Integrated GST) will be charged on inter-state supplies. The small businesses having turnover up to Rs.20 lakhs
are exempted from registering under GST. All the other taxpayer having the turnover of more than Rs.20 lakhs
(Rs.10 lakhs in case of northeast states) are required to register and pay GST. The GST is based on the “One
tax, one market” concept which should be a welcome step for online marketplaces. In the last decade or so, ecommerce
has seen an astronomical growth and India is pegged as the second biggest market for e-commerce
after China. The e-commerce market in the country is expected to exceed the $100 billion mark by 2020. The
rapid growth in this sector has resulted in conflicts regarding multiple tax issues along with other challenges
such as rising competition, dwindling profit margins etc. They are also facing litigation owing to their
innovative business models. The Government is trying to make the tax structure simple by introducing GST and
promoting trade, while keeping a close watch on tax evasion.

The government of India has been giving high priority to rural development with the objective to achieve rural-urban integration in growth processes. The focus of development is to include disadvantaged sections of society i.e. it includes" equality in growth" and "equality of opportunity to all. This paper presents a review of the various study made by different investigators, researchers, and agencies regarding implications of ICT Tools on rural societies of India, significance and role of ICT in Rural Development; Rural Community development and after knowing the observations made by various researcher, investigator and experts concluded that ICTs play a major role in environmentally sustainable rural development and rural community development. ICTs have remarkable contribution towards improvement of economic and social development of societies in rural India. In developing country like India, to create information rich societies, to empower poor people, to reduce digital divide, sustainable development of rural community"s dissemination of ICT in grassroots level of rural villages is necessary.

The study explores and identifies various practices of supply
chain and its influence on retail firms‟ economic status in Post-Goods
and Service Tax (GST) era. The study also tries to find out the
differences of operations in organized and unorganized retailing in Indian
context. The study incorporates the in-depth analysis of local retailers‟
stiff resistance, profitability for back-end unorganized suppliers and value
offers to ultimate consumers‟ issues. On the basis of proposed work,
researcher will encapsulate a winning formula for organized and
unorganized retail sector in India in post GST era and specifically for less
developed part of the country. The research is based on the review of
existing literature on Goods and Services Tax and its business impact.

Goods & Services Tax (GST) is set to be implemented in India in the spirit of fiscal federalism and transparency. The Govt. has clearly stated the objectives of this structural change and has signaled complete commitment to its smooth implementation. Any new tax should be tested against the canons of taxation. GST Model in India is found to be strong in terms of simplicity, economy and convenience. However, the principle of equity is being compromised based on the current form of GST norms being finalized. When the Indian economy is scanned for GST’s impact, the data available through public sources predicts gains in trade, fiscal consolidation and ease of doing business. However, the data also gives out a fair warning regarding the adverse impact on fiscal federalism, inflationary pressure and transitional pangs to be faced by Small and medium enterprises (SMEs). Experts concur that GST implementation is timely and necessary. It will bring in its wake several desirable outcomes and also lead to few undesirable repercussions. There is a sense of cautious optimism that is tempered with a heavy dose of realism. Implementation of GST is expected to contribute to India’s growth story by augmenting GDP by 0.9 to 1.7% The article uses Delphi Method to gather, collate and analyze expert opinion on the impending GST implementation. An overall score of 5.7 signals a cautious optimism towards this iconic tax reform.

GST or Goods and Services Tax, the greatest tax reform in India since independence which has been long pending. GST is meant to simplify the indirect tax regime of India by replacing a host of taxes by a single unified tax. GST is the only indirect tax that directly connects all the sector of Indian economy thus enhancing the economic growth of the country by creating a single unified market. More than 160 countries of the world have implemented GST so far followed by France. The idea of GST in India was proposed by AtalBihari Vajpayee in 1999 and a committee was set up under the leadership of Asim Das Gupta the then finance minister of West Bengal. It was supposed to be implemented from 1st April 2010 under flagship of P Chidambaram the then finance minister of UPA government but due to political issues and conflicting interests of various stakeholders it did not came into force. In May 2016 the constitutional amendment bill for GST was passed by LokSabha and deadline of 1st April 2017 to implement GST was set by ArunJaitley the finance minister of India. However, there is a huge outcry against its implementation. This paper presents an overview of GST concept, advantages and explains its features along with focused in challenges faced by India in execution.