Impact of GST on Indian economy: A critical analysis impact of GST on Indian economy: A critical analysis
By: Kumari, Mona and Gupta, Surendra Kumar
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Material type: 
BookPublisher: Bihar Journal of Public Administration Description: 21(2), Jul-Dec, 2024: p.783-795.Subject(s): G.S.T, Uniform taxation, Destination based, Cascading effect, Input tax credit
In:
Bihar Journal of Public AdministrationSummary: There is a current urge to alter the Indian economy in light of global trends by incorporating competitiveness and core competence into every company operation. As a result, the government is working to establish one nation, one market, and one tax system in order to simplify and eliminate the region of multiple and double taxes. The implementation of GST in the domain of indirect taxes is the outcome of the government's commitment to eliminating regional disparities and ensuring the country's balanced regional growth. GST aims to open the progressive door to all sectors of the Indian economy, making them viable not only in the home market but also in the international market, but it’s appropriate implementation with stated goals remains a major obstacle for the country's policymakers. This article seeks to determine the influence of GST on various sectors of the Indian economy, which appears to be favorable in compared to the country's previous tax structure. An attempt has been made to conduct a comparative assessment of the country's old and new tax regimes, as well as to highlight some of the obstacles encountered during their implementation in the country. – Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 21(2), Jul-Dec, 2024: p.783-793 | Available | AR135425 |
There is a current urge to alter the Indian economy in light of global trends by incorporating competitiveness and core competence into every company operation. As a result, the government is working to establish one nation, one market, and one tax system in order to simplify and eliminate the region of multiple and double taxes. The implementation of GST in the domain of indirect taxes is the outcome of the government's commitment to eliminating regional disparities and ensuring the country's balanced regional growth. GST aims to open the progressive door to all sectors of the Indian economy, making them viable not only in the home market but also in the international market, but it’s appropriate implementation with stated goals remains a major obstacle for the country's policymakers. This article seeks to determine the influence of GST on various sectors of the Indian economy, which appears to be favorable in compared to the country's previous tax structure. An attempt has been made to conduct a comparative assessment of the country's old and new tax regimes, as well as to highlight some of the obstacles encountered during their implementation in the country. – Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
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