Challenges and implementation of GST (Goods and Service Tax) in India

Abstract

The aim of paper is to find out the challenges and to think that how it is possible to implement in India. This paper also shows the calculation and concept of GST bill in India. The result shows that the GST Bill is beneficial to all and also the calculation is easy and implementation is also easy. It replaces many taxes in one. GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from April 2010 because of political issues and conflicting interests of various stakeholders it is implemented this year. It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market.