introduction of gst and banking project file
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The introduction of GST would be a significant step in the reform of indirect taxation in India. Amalgamating several central and state taxes into a single tax would mitigate cascading or double taxation, facilitating common national market. It is expected that service sector will have major impact of GST than other sector. The banking sector is one of the largest services sector in India. Banking Sector plays a very important role in monetary policies of country overall frame work and the business dynamics of this sector will largely differs from other sectors. In this paper attempt has been made to know what are issues and challenges faced by Indian banking sector after implementation of GST.
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