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VOL. 8, ISSUE 1 (2026)
Opportunities and challenges in GST education from a policy perspective
Authors
Vijay Kumar Jha
Abstract
India is one of the largest democracy in the world, which operates a
federal tax system for the levy and collection of various taxes. Different
types of indirect taxes are imposed at various points along the supply chain,
with both the Centre and the States empowered to levy taxes as per the
Constitution. The introduction of the Value Added Tax (VAT) was seen as a
significant improvement over the previous Central excise duty and state-level
sales tax systems. Now, the Goods and Services Tax (GST) represents a further
major advancement and a logical step toward comprehensive indirect tax reform
in the country. The change from the Central excise duty to the Central Value
Added Tax (CENVAT) and the change or replacement of state sales taxes by VAT
marked a key milestone in the system of reform of India's indirect tax system.
These changes aimed to eliminate the cascading effect of taxes by allowing
set-offs for taxes paid on inputs and prior purchases, leading to a simplified
rate structure and an expanded tax base. However, both CENVAT and State VAT
have their shortcomings. Despite various initiatives at the Centre, the current
taxation regime remains cumbersome, complex, and user-unfriendly. In this
context, the Central government tasked Dr. Vijay Kelkar, Chairman of the 13th
Finance Commission, with recommending a rational, scientific, and modern
unified taxation system akin to those in developed nations. This paper aims to
explore and understand GST in India, focusing primarily on its opportunities
and challenges within the Indian context.
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Pages:84-87
How to cite this article:
Vijay Kumar Jha "Opportunities and challenges in GST education from a policy perspective". International Journal of Finance and Commerce, Vol 8, Issue 1, 2026, Pages 84-87
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