Ushering an Era in Changing Tax Reforms : GST – A Step Towards More Transparency and Better Tax Reforms

The paper begins with the brief review of indirect taxes in Indian context and discusses the need for a harmonious change. It then states about the GST's global scenario which is followed by the introduction of (proposed) GST in India. It then describes – how the VAT system does operate and underscores the structure of (proposed) GST with its scopes and coverage while highlighting the relevant facts and updates with respect to IGST model, exports and imports and various issues. Before concluding, paper uses a case study to understand the implications of the proposed GST and concludes that it is a welcome initiative towards more transparency and better tax reforms