GOODS AND SERVICES TAX LAW

Goods and Service Tax (GST) is a great apocalyptic far-reaching tax reform for any of the enthusiastic tax pioneered nation. GST endeavoured to subsume all the varied indirect taxes levied by both Centre as well as the States to integrate economy into a harmonious national marketplace by allowing a superfluous set-off for the input tax. The global review divulges that economies have encountered hard-hitting challenges in spurring and operationalising with the coveted transmogrification. Therefore through this study an attempt has been made to compare understand and assess the enactments of various selected countries across the globe constituting a mix from all the continents. The GST laws of 128 countries were preconceived to form an authentic base for selection and presentation in the book and thus a final arduous study was made of following nations: Canada Guyana Ireland New Zealand Singapore and Tanzania to compare that with Indian laws. This study is an attempt to succour the bourgeoning GST framework in India and to facilitate government and lawmakers in unification and simplification of the body of law in such a way to reduce and deduce the furthermore amendments.