SHORT TERM AND LONG TERM EFFECT OF GST

Goods and Services Tax popularly known as GST is an Indirect tax. Goods and Services Tax (GST) is most ambitious and biggest tax reform plan, which aims to stitch together a common market by dismantling fiscal barriers between states. It is a single national uniform tax levied across India on all goods and services. In GST, all the indirect taxes will be subsumed under a single regime. This research paper highlights international scenario, the Short Term and Long Term Effect of GST int he Indian Tax System.