Tax Levy on One and Collect from Another – Boon or Bane
Lead author · Corresponding
P.Lavanya
Advocate at Madras High Court, India.
Abstract
In the Indian tax structure GST is a biggest reform which will simplify the indirect tax regime in India and broaden the tax base and increase the revenue of the Central Government. Our previous tax system has various imperfections like complexity, cascading effect, lack of tax compliance etc. GST removed all these deficiencies in this present taxation system. This paper is aimed to analyse both on the positive as well as negative effects of Goods and Service Tax bill.
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