Implementation of goods and services tax When talking about GST big question arises “how GST applied”. Goods and services tax is proposed system of indirect taxation in India. The concept behind the introduction to new tax regime, merging most of the existing taxes into a simple system of taxation. Introduction of goods and services tax in India It was introduced by 101 amendment in constitution act 2016 the chairman of the gst bill introduced by finance minister. It was held that gst would be comprehensive indirect tax for manufactures self-consumption of goods and services. Throughout India to replace the different tax levied by the central and state government goods and service tax would be levied and collected at each stage of sale or purchase of goods and services based on the input tax credit. Impact goods and services tax. By following this method it has allowed business to register themselves to take benefit of the scheme and endeavor to government better
