TAXATION SYSTEM IN INDIA.

TAXATION SYSTEM IN INDIA
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Argumentative Essay on Taxation System in India
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Introduction Thesis
Is GST (Goods and Service Tax) good or bad?
GST has the interest of the entire nation and people for it increases collection of tax which will
result in an increase in government spending hence more national development.
GST (Goods and Service Tax) is an indirect type of tax which was introduced in India to replace
indirect taxes. The act was passed in the Indian parliament on the 29th March 2017. After it was
passed, it came into effect on 2017 July first.
Body
Why is GST Good?
Goods and service tax service law is a multi-stage, comprehensive and is based on the
destination. It is levied on each and every addition value. In other words, is a tax levied indirectly
on the supply of services and goods?
or online. This law has been a good idea in India for it has replaced so many indirect taxes that
existed previously. GST is one and only indirect tax within the entire country. This system is the
best and it will be best.
VAT
VAT+Excise duty
(Chelliah 2010)
(Viswanathan 2016)
(Sury, Tax system in India: evolution and present structure 2015)
(Gordon 2010)
Manufacturing
Final selling to the
consumer
Sale to either wholesaler or
warehousing
Sale