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@article{188778,
        author = {Dr.V.Masulamani},
        title = {Revamp Of Goods And Service Tax In India- Gst 2.0- Super Gst And Super Savings},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {7},
        pages = {3357-3361},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=188778},
        abstract = {Goods and Services Tax is Single indirect tax replacing multiple taxes. Before GST, VAT, Service Tax, Excise, Entry Tax are separate. GST slogan was “One Nation, One Tax”. GST is a major tax reform introduced in India on 1st July 2017. It replaced a wide variety of indirect taxes like VAT, Excise Duty, Service Tax, Entry Tax, and Octroi, which made the system very complicated. Under the earlier system, the same product could be taxed multiple times, and these taxes were hidden in the price.
There are three main types: CGST (Central GST), which is collected by the central government, SGST (State GST), collected by state governments, and IGST (Integrated GST), which applies to transactions that happen between two states
Reforms intended to ease consumer burdens, stimulate economic growth, and streamline the tax system are lowering GST rates. Reducing the tax burden on necessities and everyday things, fixing inverted tax arrangements that burden companies, and tackling the difficulties brought on by trade conflicts throughout the world are some of the main justifications. The goal of these reduction is to increase demand and lower the cost of common items, especially in industries that involve a lot of labour and interact with consumers. This article highlights the recent changes in GST rates and impact of family expenses in the financial decision.},
        keywords = {GST2.0. VAT, CESS, SLAB},
        month = {December},
        }