Volume 44 (2016) / Issue 12
Goods and Service Tax (GST), hailed as the most revolutionary indirect tax reform in India, aims to bring about the unification of market economy while grappling with the issues of fiscal federalism and multiple levy of taxes. The present article specifically underscores the most vexatious issues of the proposed GST framework and scrutinises the same in the backdrop of the prevailing indirect taxation system. The authors are of the view that though GST is a courageous effort on part of the Government, it faces certain legal impediments highlighted in the article.
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