Published Paper Details:

The Goods and Service tax is the biggest and substantial indirect tax reform in India. Earlier we are paying various indirect taxes which are felt as burden on us and due to these taxes the corruption were increasing. So, to overcome from all these problems the Central Government has decided to make one tax system i.e. Goods and Service Tax (GST). Goods and Service tax (GST) is a single regime tax system which makes India One Nation One Tax by subsuming both indirect tax levied by Central government and state government. . GST was firstly introduced in France in 1954, with introduction of GST France become the first country ever to introduce GST. India becomes 166thnation by adopting GST on 1st of July of 2017. GST includes all the indirect taxes which helps in growth of economy and proved to be more beneficial than the earlier tax system. Goods and Service Tax is a comprehensive, multistage, destination - based tax that will be levied on every value addition. The purpose of the GST is to remove all indirect taxes and bringing it all under single umbrella. The impact of GST will be a transformation in the entire tax system in India. Currently concept of dual GST is implemented in India with slab rates of 0%, 5%, 12%, 18%, and 28%. GST is not an additional tax, it include Central Excise Duty, Additional Excise Duty, Service tax, Additional custom duty, Special Additional duty of custom, at central level and Value Added Tax (VAT), Entertainment tax, Luxury Tax, Tax on Lottery , betting and gambling, Entry Tax at State level. The paper tries to find out the different perceptions of common man regarding the Goods and Service Tax