The Goods and Services Tax which is commonly referred to GST was passed in the parliament on the 29th of March 2017. 

GST is a tax which is levied on most goods and services. It is an indirect tax which is collected at the point of consumption, and not at the point of origin. It replaced other taxes in the country such as Value Added Tax, excise duty, service tax, Central Sales Tax among others.

To understand the Goods and Services Tax process in detail and to know how the GST system works, Kunika Balhotra, Research and Communications Officer for Suno India spoke to Apeksha Solanki, a Chartered Accountant. 

She also spoke to CP Chandrasekhar, Professor at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi who explained why the states were in conflict with the government over this tax. Professor Chandrasekhar has published widely in academic journals and is the co-author of Crisis as Conquest: Learning from East Asia, The Market that Failed: Neo-Liberal Economic Reforms in India and Promoting ICT for Human Development: India.

The Goods and Services Tax which is commonly referred to GST was passed in the parliament on the 29th of March 2017.&nbsp;
GST is a tax which is levied on most goods and services. It is an indirect tax which is collected at the point of consumption, and not at the point of origin. It replaced other taxes in the country such as Value Added Tax, excise duty, service tax, Central Sales Tax among others.
To understand the Goods and Services Tax process in detail and to know how the GST system works, Kunika Balhotra, Research and Communications Officer for Suno India spoke to&nbsp;<a href="https://twitter.com/Apek_Solanki" data-saferedirecturl="https://www.google.com/url?q=https://twitter.com/Apek_Solanki&amp;source=gmail&amp;ust=1608690754524000&amp;usg=AFQjCNF-ubqlYPHSuLIi3lvl1r9ExwAMXw">Apeksha Solanki</a>, a Chartered Accountant.&nbsp;
She also spoke to&nbsp;<a href="https://twitter.com/cpc01" data-saferedirecturl="https://www.google.com/url?q=https://twitter.com/cpc01&amp;source=gmail&amp;ust=1608690754524000&amp;usg=AFQjCNEle6c1ISL3JdmW7QpmmcTkQfYlPg">CP Chandrasekhar</a>, Professor at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi who explained why the states were in conflict with the government over this tax. Professor Chandrasekhar has published widely in academic journals and is the co-author of Crisis as Conquest: Learning from East Asia, The Market that Failed: Neo-Liberal Economic Reforms in India and Promoting ICT for Human Development: India.

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds 

But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained. 

In the “Indian Economy Explained” series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Every few months we read statistics related to the economy in the news. Whether it is about government claims of the economy growing, or job losses, industries suffering, the economy is on our minds&nbsp;
But how much do we understand about it? What factors affect economic growth? And how are we affected by it? To understand how the larger principles of the Indian economy affects us, we at Suno India are bringing in a new series called Indian Economy Explained.&nbsp;
In the &ldquo;Indian Economy Explained&rdquo; series host Kunika Balhotra will bring insightful discussions with reputed economists, researchers, professors and people working in the financial and developmental sector to understand broad principles about our economy and help contextualise the tumultuous times we live in.

Indian Economy Explained

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).  An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. 

To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.

This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

The economy of India is characterised as a middle income developing market economy. It is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).&nbsp; An economy is an area of the production, distribution and trade, as well as consumption of goods and services by different agents.&nbsp;
To understand all these aspects and the issues like GDP and economic slowdown, role of MSMEs, women participation in economy and many more tune into our latest series Indian Economy Explained.
This series features insightful discussions with reputed economists, researchers, professors and people working in the financial sector.

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