Vol 6, Issue 1, January - June 2019 | Pages: 37-49 | Research Paperhttps://doi.org/10.17492/vision.v6i1.185482
Published Online: June 03, 2019
( * ) denotes Corresponding author
This exploration paper centers around GST in Singapore and India, our endeavour is to recognize the likenesses and contrasts in the Inception, Implementation and execution of GST, a framework to supplant the recent frameworks of circuitous taxation which made a few issues shoppers and organizations. We have found through our investigation that India and Singapore have 2 unique expectations behind the taxation. Singapore has a longstanding record of low rates of GST while India has 4 slabs for use of rates to costs. We have thought about things from 5 ventures and reached inferences dependent on the distinctions. Singapore pursues a comparative framework for burden and accumulation of roundabout tax called Goods and Services tax. GST in Singapore was anyway presented very nearly 2 decades sooner on 1 April 1994. The main notion of the paper is to study the basic concept of GST in India and also to analyse the existing legal framework on GST in India as well as Singapore and also to analyse the various legal issues regarding GST.
GST; Singapore; India; Taxation; Speculation; Accumulation