With the implementation of GST just months away, there is still a chaotic understanding about the contrasting features between GST and the current tax structure. GST has been described as “transformative” by the honorable Finance Minister.
With more than 160 countries implementing GST, India will only be the second country in the world, after Canada, to introduce the Dual GST system. The infographic below explains in detail, if and, how the current tax structure will be reconstructed.
Do you agree with GST changing India into one market? Let us know in the comments below!