DIFFERENCE BETWEEN CURRENT TAXATION AND THE NEW GOODS AND SERVICES TAX (GST) IN INDIA: IMPACT AND IMPLICATIONS

India's tax system underwent a significant transformation with the introduction of the Goods and Services Tax (GST) on July 1, 2017. GST replaced multiple indirect taxes, simplifying the taxation structure and unifying the country under a single tax regime. The shift from the previous taxation system to the GST has had a profound impact on business