Essay on Goods and Services Tax (GST) - Creative Essay.
Free 516 words Essay on Positive and Negative Impact of GST (Goods and Services Tax) for school and college students. GST stands for Goods and Services Tax levied by the Government in a move to replace all of the indirect taxes. The main idea behind introducing GST is to improve the economy of the nation. A single undivided Indian market would.Under GST some services will become costlier such as TeleCom, Airlines, Banking, Insurance will be costlier under GST bill. Though GST has its own flaws and controversies, GST will surely help to boost up our economy but it’s a long-run process, which will take time. Only the time will tell us whether the GST was beneficial for India or not.What is GST bill and how it impacts on common man. Indirect Tax system is highly complicated in India because there are various types of taxes that are charged by the Central and State Governments on Goods and Services.
How to Start an Essay on GST. An essay usually starts with an introduction and definition of the Goods and Services Tax. Furthermore, the very purpose of its existence is to ensure a just and fair tax system that is considered helpful to the economic development and fiscal growth not only of the economy of the United States but globally as well.In 2003, the Kelkar Task Force on indirect tax had suggested a comprehensive Goods and Services Tax (GST) subsuming central, state taxes, and interstate taxation based on VAT principle. A proposal to introduce a National level Goods and Services Tax (GST) by April 1, 2010 was first mooted in the Budget Speech for the financial year 2006-07.
The central government had assured states of compensation for any revenue loss incurred by them from the date of GST for a period of five years. Gst essay in english goods and service tax, gst site essay on gst, gst essay in english 250 words.
