GST and its long lasting effects

goods and service tax is imposed by all state

government and central government as a new
taxation form replacing direct and indirect tax in
different stages .it is a new uniform taxation system
to make taxing system easy to understand and less
complicated. GST consider India as a big market place.

GST is charged from the next customer by all

registered dealers in the supply chain (raw material
supplier, manufacturer, wholesaler, retailer and
consumer) GST is bear by the end customer know as
consumer. All GST dealer work as a middle man .who
collect GST from the consumer and give it to the
government, receiving tax credits in return GST is
more structure plan It gives an option to reduce tax
by using tax structure scheme . tax and compliance
burden on small businesses have been reduced under
Goods and Services Tax. The entire process of Goods
and Services Tax system has been made online so that
it is easy for the user and does not get entangled in
external useless rounds.
The new taxation system will play a important role is
Indian taxation structure with lot of new implements
which will be benficial to both consumer and seller.
GST will bring transparency in the economy by all the
transaction system online. GST will bring corruption
free taxation system which will be benficial to both
consumer and seller .