HISTORY OF INDIRECT TAX - AN OVERVIEW

GST on products and services equipped by State Govt. for their undertakings or PSUs Through guaranteeing financial loans taken by them The introduction of GST necessitated an enormous overhaul of the prevailing tax administration systems. there have been complex glitches in the GST Network (GSTN), causing delays and challenges in filing returns.

Just about the most noteworthy advantages of GST is that it provides a streamlined tax framework, getting rid of the myriad of indirect taxes that were existing in advance of its implementation. linked finance ecosystem for method automation, higher control, increased discounts and efficiency to offer an illustration that Evidently undermines the