Published Paper Details:

A developing economy like India necessities sufficient resources to finance the developmental activities that are comprehensively and achieves all levels of the society and most of the finances from taxation. Presently, the tax structure of Our country is very complex. To overcome these complexities of our taxation system, the government constantly changing the taxation system to rationalize tax administration and generate more revenues for social protection, infrastructure, and several other developmental activities. That's the main reason, the government to implement or move towards the GST is an indicator of our evolved taxation system. After passing the 101st Constitutional Amendment (GST) Act, the highly-anticipated tax products GST appears to be an actualityon 1st July 2017. To ensure a smooth transition, government and all related nodal agencies like Goods and Services Tax Council, GSTN etc., have been regularly making a decision to resolve the problems encountered being at different levels. To simplify the difficulties faced by indirect taxation system and create a common taxation system throughout the nation and decreasing the barriers between states, the dual structure Goods and Service Tax (GST) was passed by parliament. This system has a uniform rate of tax for all the states. This paper is designed specifically to provide an in-depth knowledge of GST and what challenges the economy faces in implementing the GST at this time in a very practical and streamlined manner.