The Goods and Services Tax (GST) was introduced in India on Dominion Day, 2017. The GST could be a single unified tax across the complete country. it's expected to simplify the tax system in India. However, there are some challenges with the GST that require to be addressed. the primary challenge is compliance and enforcement. this can require an enormous investment in IT infrastructure for the govt further for businesses to suit GST rules and regulations. A second challenge is that of classification of products and services which is able to require plenty of manpower from both the govt. and businesses to properly classify goods and services into different categories like “merchandise”, “services” etc.
The Goods and Services Tax (GST) could be a tax levied on the products and services that are sold in India. it had been introduced by the Indian government on a national holiday, in 2017. there's plenty of debate about the implementation of the GST system in India. Some people say that it is not really one nation one tax system as it isn't implemented uniformly across all states in India.
GST could be a system of taxation in India. it's the foremost comprehensive tax reform in independent India, which subsumed a variety of Central and State taxes. The implementation of GST has been fraught with problems since its launch on a legal holiday, in 2017. the method was met with chaos because it was unrolled across the country, and there have been many glitches within the IT backbone to support it. It is not one nation one tax system as this might mean that each good and service is taxed at an identical rate across all states. There are many goods and services on which taxes vary from state to state under the GST regime.
