This GST which means goods and service tax is definitely the biggest tax reform and has been into effect from midnight.This is the next aggressive step by the Government after Demonetisation to wipe away black money out of the nation.Common public still don't have a clear picture about how it is going to have an impact on them.
This One Nation One tax hoping to bring a good change in the county's scenario.After GST comes to effect cost of infrastructure is expected to increase. All the goods and services in India have been listed and categorised into four slabs - 5pc, 12pc, 18pc and 28pc.
Former Finance Minister Chidambaram first coined about 'GST in India' in parliament in annual budgetary speech and after 11 long years, its is into effect.The Centre gave its bell at midnight yesterday with the presence of President Pranab Mukherjee and Prime Minister Narendra Modi.
