GST IN INDIA: ITS REALITIES AND IMPACT

Bhavana Sahu

Abstract


The Goods and Services Tax (GST) is one of the biggest indirect tax reforms for India since 1947. As per the Chairman of Godrej Group, “GST will add 1.5-2% to GDP growth within 1-2 quarters of its implementation”. It aims to provide a new push to the economy in achieving inclusive growth.

The paper throws light on different concepts of GST like the objectives and advantages of GST in India, different issues of GST in Indian context, etc. The paper also examines the impact of GST on various sectors of the Indian economy. The present paper is descriptive in nature based on secondary data collected from relevant sources.

Keywords


Goods and services tax, economic development, Indian economy, GDP

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References


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