A Comparative Study of Goods and Services Tax (GST) Structure

Abstract

GST was introduced in India after a struggle of more than a decade. The multiple tier indirect tax system in India had a cascading effect, to overcome which GST was introduced by 101th constitutional amendment. This has considerably simplified the tax regime in the country. GST has already been implemented in more than 160 countries around the globe, as a result of which we can take examples of its effective implementation procedure. The basic difference between the old and the new tax structure is that the new regime is destination based charge whereas the old regime followed origin based tax structure. The rate of GST in India is extremely high as compared to that of other Countries which makes it all the more complex.