摘要：Goods and services tax is India's most ambitious indirect tax reform plan, which aims to stitch together a common market by dismantling fiscal barriers between states. Intention to implement this was declared in 2008 and it was supposed to be in existence from April 2010 but due to political and state government autonomy issues the federal government has been unable to make it a law. Over the past few decades, the worldwide trend has been for the introduction of a multi-stage GST system. Today, almost 90% of the world's populations live in countries with GST, including China, Indonesia, Thailand and Singapore. In this paper we have focused on explaining the concept of GST and why it should be implemented in India. Also we have discussed the various barriers to its implementation and how it can be overcome.
关键词：comprehensive tax;liberalisation;tax base;integrated goods and service tax;built in credit mechanism;federal character
