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Chapter 58: The Chaotic Consensus on Goods and Services Tax
The Chaotic Consensus on Goods and Services Tax
The GST is an indirect tax (or consumption tax) levied in India on the supply of goods and services. It came into effect from July 2017 and was intended to replace multiple cascading taxes levied by the central and state governments. However, the GST did not conform to the vision of ‘one nation, one tax’ on all goods and services. This chapter seeks to explain the compromises made by the central government with the state governments on the basis of the composition of the GST Council and the different degrees of patience of the Centre and the states.
At the time of its introduction in July 2017, to refer to ...