A Study on Conceptual Background of Goods & Service Tax in India

This research article focuses on the process of introducing the Goods and Services Tax (GST), to identify the
perspectives of different stakeholders and the controversial issues. The GST was expected to include a range of taxes and
simplify the indirect tax procedure. GST is the only indirect tax that directly affects all sectors and sections of our economy.
Ignorance of law is no excuse but is liable to panel provisions, hence why not start learning GST and avoid the cost of
ignorance. The process consists major stakeholders were the Government of India (GoI), individual States, industry and the
committees commissioned by the GoI. The deadline for the introduction of GST kept getting postponed due to the slow
resolution of the challenging issues. Finally, it was tabled in the Parliament as the 122nd Constitutional Amendment Bill
(CAB) in December 2014.