Author Description

The Goods and Services Tax (GST) in India is undoubtedly the biggest tax reform in the fiscal history of India. In sharp contrast to the earlier system, GST is an all-India unified, uniform and harmonized indirect tax system. The new system is technology-based and hence transparent. GST subsumed a profusion of Central and State indirect taxes to create a single unified market. The new tax is contributing to make India a seamless national market, boosting trade and industry and, in turn, economic growth. Though a game-changing fiscal innovation, GST is a complex and evolving phenomenon. It is by no means easy, particularly for the non-experts, to understand its riddles and cobwebs. The present work is an attempt to explain various aspects of GST in simple, lucid and non-technical language.