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The Evolution of Inter-State Business in India

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India is one of the biggest trading countries in the world, it is constantly importing and exporting goods and products. But there is also a trading business which takes place within states on a regular basis within the country. Inter-state business refers to the trading of goods, services or products from one state to another. Implementation of GST After the implementation of GST, a lot of small business companies were affected and shut down which affected the industry significantly, but it also filtered many fraud and companies that were functioning illegally. Before the implementation of GST, the Central Sales Tax(CST) for inter-state businesses was not taken as credit and hence added to the value of goods. There used to be a compulsion for tax avoidance by having warehouses at different states to smoothen the stock transfers since stock transferring was not sale so it did not require CST. But after the implementation of GST, there was no such need because the integrated