Samhita R.H. Nidigattu, Law Graduate from OP Jindal University, Sonipat, Haryana and an LLM Candidate at the University of Dayton, Ohio.
ABSTRACT
GST as a concept has been around for half a century now first initiated in France, most countries around the world have implemented GST in some form or the other. Its a destination and consumption based tax collected on sales revenue, compared to the other alternative of value added tax that is collected on every single product. India has implemented GST after the 101’st constitutional amendment from July 2017 with the motto ‘One Nation, One Tax’. It has been a journey of ups and downs ever since but for the most part its progress from archaic and fragmented tax systems of the past. This paper aims to study the Indian GST system in comparison some of its major counterparts from different regions of the world namely Brazil (South America), Canada(North America), China(Asia) and understand the similarities and differences, existing loopholes and challenges and scope for improvement in the Indian GST Regime.
