Abstract
With the dream to be positioned as the most preferred global destination for investment, Indian Government made one of the most significant reforms in the country's history in the midnight of June 30, 2017, through the implementation of the new indirect tax regime GST (Goods and Service Tax) from July 1, 2017, after a thirteen-year journey, overcoming many administrative and political hurdles. GST started with a slogan of 'One Nation, One Market, One Tax'. GST promise to change the manner in which business is carried out and bring a predictable tax regime which is at par with other developed economies. GST is not simply a tax change, but a business change that will affect most functional areas. Each industry needs to understand the impact and opportunities offered by this crucial indirect tax reform. This paper includes the basic changes involved in the taxation structure fundamentals in business.
Recommended Citation
Ghosh, Pritha
(2024)
"GST in Play Alters the Taxation Rules for the Indian Business Game,"
American Journal of Business and Management Research (AJBMR): Vol. 1:
Iss.
2, Article 2.
Available at:
https://research.smartsociety.org/ajbmr/vol1/iss2/2