Goods and Services Tax And Its Impact On Business

S20classes20 Aug, 2021Education

After several countries over the world had implemented the Good and Services Tax, In 2017 with the support of both the houses of the Parliament and the consent of the President of India, the Goods and Services Tax finally came into being after going through almost a decade of scrutiny. It was Atal Bihari Vajpayee? Government that introduced the GST bill and it was Arun Jaitley, the Finance Minister of the then newly appointed Modi Government, who made it a reality. The GST regime is relatively new in the country and still requires acclimatization on the consumer?s end. The successful implementation in all the aspects of the country can help provide the country?s economy a much-needed boost.