Goods and service tax is taking india by the storm

France was the first country to implement GST to reduce tax- evasion. Europeancountries have one rate of GST as they do not have poor families, unlike in India, wherefamilies cannot be burdened with the same tax as the rich. All credits will be online and somepenalties are like criminal activity. So it is threatening for the small businessman who is nowfree from Taxes. GST will be levied only at the final destination of consumption based onVAT principle and not at various points (from manufacturing to retail outlets). .Presently, atax is levied on when a finished product moves out from a factory, which is paid by themanufacturer, and it is again levied at the retail outlet when sold.