GST EFFECT ON INDIA'S ECONOMY
Keywords:Economy, GST, Tax, Good & Service
On the delivery of goods and services, the Goods and Services Tax (GST) is an indirect tax. As a result of the GST Law, which superseded a number of India's previous indirect tax regulations, the government now just has to deal with a single form of indirect tax. CGST, SGST, and the Integrated Goods and Services Tax (IGST) are the three taxes that make up the Goods and Services Tax (GST) (IGST). When products and services are sold together in a single transaction, the cascading effect can be minimised by the introduction of GST. The cost of items will rise if the cascading effect is absent. The GST in India and its effects on the Indian economy are the subject of this essay. There are three main aims of this investigation: to analyse how and why GST was created, how it works, as well as how it affects different industries.
GST India (2015) Economy and Policy.
Nitin Kumar (2014), “Goods and Service Tax in India-A Way Forward”, “Global Journal of Multidisciplinary Studies”, Vol 3, Issue6, May 2014.
Poonam, m. (2017). Goods and services tax in India: an. 6th international conference on recent trends in engineering, science, and management, 9.
Rathod, M. (2017). An Overview of Goods and Service Tax (GST) In India. Journal of Commerce and Management.
Sehrawat, M., & Dhanda, U. (2015). GST in India: A key tax reform. International Journal of Research-Granthaalayah, 3(12), 133-141.
The Economic Times (2009) Featured Articles from the Economic Times.
World Bank, (2018) “GST: India” published by WB, Washington, USA.
How to Cite
Copyright (c) 2022 International Education and Research Journal (IERJ)
This work is licensed under a Creative Commons Attribution 4.0 International License.