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Impact of GST on the Indian Economy

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Impact of GST on the Indian Economy


Dr. C. J. Priya | Harshitha M C

https://doi.org/10.31142/ijtsrd5898



Dr. C. J. Priya | Harshitha M C "Impact of GST on the Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-2, February 2018, pp.60-63, URL: https://www.ijtsrd.com/papers/ijtsrd5898.pdf

GST the biggest Tax Reform in India founded on the notion of “One Nation, One Market, One Tax” is finally here. The movement that the Indian government was waiting for the decade has finally arrived. The single biggest Indirect tax regime has kicked into force, dismantling all the inter-state barriers with respect to trade. The GST rollout, with the single stroke, has converted India into a unified market of 1.3 billion citizens. The idea behind implementing GST across the country in 29 states & 7 union territories is that it would offer a win- to-win situation for everyone. Manufacturers & Traders would benefit from fewer tax filing, transparent rules & easy booking; consumers would pay less for the goods & services and the government would generate more revenues. So this paper tries to throw a light on various aspects of GST and to know its probable impact on Indian economy and its sectors. The data are collected through various secondary sources like reports of Government, professional bodies, working committees and also from research papers, articles, news, budget sessions etc.

GST, Indian Economy, Tax Reform


IJTSRD5898
Volume-2 | Issue-2, February 2018
60-63
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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