Abstract :
GST implementation is a milestone in Indian
tax system. It transforms the country into one unified
common market. It will reduce the existing complexity of
taxes as it subsumes VAT, Excise duty, service tax and
Sales tax. It is a consumption based tax applied on goods
and services at the place of its consumption. The proposed
model of GST is ?Dual GST? comprising Central and State
component charging simultaneously on the common base.
It also addresses the cascading effect of tax on cost of
goods and services. Other countries experience in GST has
proven to be an efficient tax collection system. The
implementation of GST generates more revenue as it
broadens the tax base and erodes the tax evasion. This
Paper highlights the GST implications on tax structure,
incidence and compliance
Keyword :
GST; Tax Structure; Tax Incidence; Tax Compliance.