A Study On Goods And Services Tax In India

In this paper we try to attempt to see the benefits of GST & its current status in India. Paper gives knowledge about GST. In India currently we are having service tax & VAT for collection indirect tax. On central level service tax is charged services provided on central level & VAT is charged for sale of goods on state level But current system which we are using are not able to minimize the tax evasion, distortion & cascading effect therefore we wants to move to goods & service tax. Current system of indirect taxes is not able to increase the competitiveness of industry, exports and company so we are moving to GST. This paper shows how a goods and service tax is an improvement over VAT and Service Tax.