A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India

Kankipati Ajay Kumar

doi:doi:10.11648/j.ash.20170305.12

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A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India

Kankipati Ajay Kumar

Published in Advances in Sciences and Humanities (Volume 3, Issue 5)

Received: 3 June 2017 Accepted: 16 June 2017 Published: 18 October 2017

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Abstract

In Developing countries like India, the taxation system is very crucial role in the development of revenues of the country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect tax, the government made the proposal of introducing GST (goods and services tax) instead of all indirect taxes and DTC (direct tax code) instead of direct tax. But fortunately GST won the first place in the purview of implementation. The government of India is committed to replace all the indirect taxes levied on the services and goods by state and central government in the month of April 2017. This paper made an attempt to explain the level of impact of this GST (goods and services tax) on the growth of the economy, and benefits for the business and government and for the consumers.

Published in	Advances in Sciences and Humanities (Volume 3, Issue 5)
DOI	10.11648/j.ash.20170305.12
Page(s)	50-53
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Direct Tax Code, Goods and Services Tax, Gross Domestic Product, Indirect Tax, Impact of GST

References

[1]	Goods and services tax and its impact, by jaspreet kaur, IJAR, (2016), Vol 2(8), pages: 385-387.
[2]	Basic concepts and features of goods and services tax in India, girish garg, vol 2, issue 2, pages: 542-549, (2014).
[3]	GST impact in manufacturing sector, by SKP.
[4]	A study on impact of GST after its implementation, vol 1, issue 2, nov 2016.
[5]	Gupta, A.,(Sep., 2016), “Goods & Service Tax-A Game changer in 21st Century”, The Chartered Accountant Student, ICAI, Vol.-30, No.-4, 11-18.
[6]	Goods and service tax (GST) in India – Challenges Ahead, February 28, 2016.
[7]	GST in india: a key tax reform, IJRG Dec 2016, vol 3, issue: 12, pages: 133-141.
[8]	A research paper on an impact of goods and services tax (GST) on Indian Economy, business and Economics journal, Dani bus, j 2016, 7: 4.
[9]	Goods and services tax in india, taking stock and setting expectations, by Deloitte, Assocham india, D. S. rawat.
[10]	Does goods and service tax leads to Indian economic development, vol17, dec2015, pp01-05, ISOR.
[11]	The impact of GST on the Indian tax scene, kiit university, 1^st sep, atul patel, aurobinda panda.

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APA Style

Kankipati Ajay Kumar. (2017). A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Advances in Sciences and Humanities, 3(5), 50-53. https://doi.org/10.11648/j.ash.20170305.12

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Kankipati Ajay Kumar. A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Adv. Sci. Humanit. 2017, 3(5), 50-53. doi: 10.11648/j.ash.20170305.12

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AMA Style

Kankipati Ajay Kumar. A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Adv Sci Humanit. 2017;3(5):50-53. doi: 10.11648/j.ash.20170305.12

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@article{10.11648/j.ash.20170305.12,
  author = {Kankipati Ajay Kumar},
  title = {A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India},
  journal = {Advances in Sciences and Humanities},
  volume = {3},
  number = {5},
  pages = {50-53},
  doi = {10.11648/j.ash.20170305.12},
  url = {https://doi.org/10.11648/j.ash.20170305.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ash.20170305.12},
  abstract = {In Developing countries like India, the taxation system is very crucial role in the development of revenues of the country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect tax, the government made the proposal of introducing GST (goods and services tax) instead of all indirect taxes and DTC (direct tax code) instead of direct tax. But fortunately GST won the first place in the purview of implementation. The government of India is committed to replace all the indirect taxes levied on the services and goods by state and central government in the month of April 2017. This paper made an attempt to explain the level of impact of this GST (goods and services tax) on the growth of the economy, and benefits for the business and government and for the consumers.},
 year = {2017}
}

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Author Information

Kankipati Ajay Kumar

Department of Management, Pace Institute of Technology and Sciences, Ongole, India

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APA Style

Kankipati Ajay Kumar. (2017). A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Advances in Sciences and Humanities, 3(5), 50-53. https://doi.org/10.11648/j.ash.20170305.12

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ACS Style

Kankipati Ajay Kumar. A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Adv. Sci. Humanit. 2017, 3(5), 50-53. doi: 10.11648/j.ash.20170305.12

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AMA Style

Kankipati Ajay Kumar. A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India. Adv Sci Humanit. 2017;3(5):50-53. doi: 10.11648/j.ash.20170305.12

Copy | Download

@article{10.11648/j.ash.20170305.12,
  author = {Kankipati Ajay Kumar},
  title = {A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India},
  journal = {Advances in Sciences and Humanities},
  volume = {3},
  number = {5},
  pages = {50-53},
  doi = {10.11648/j.ash.20170305.12},
  url = {https://doi.org/10.11648/j.ash.20170305.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ash.20170305.12},
  abstract = {In Developing countries like India, the taxation system is very crucial role in the development of revenues of the country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect tax, the government made the proposal of introducing GST (goods and services tax) instead of all indirect taxes and DTC (direct tax code) instead of direct tax. But fortunately GST won the first place in the purview of implementation. The government of India is committed to replace all the indirect taxes levied on the services and goods by state and central government in the month of April 2017. This paper made an attempt to explain the level of impact of this GST (goods and services tax) on the growth of the economy, and benefits for the business and government and for the consumers.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - A Journey of Goods and Services Tax (GST) and Structural Impact of GST on the Growth of GDP in India
AU  - Kankipati Ajay Kumar
Y1  - 2017/10/18
PY  - 2017
N1  - https://doi.org/10.11648/j.ash.20170305.12
DO  - 10.11648/j.ash.20170305.12
T2  - Advances in Sciences and Humanities
JF  - Advances in Sciences and Humanities
JO  - Advances in Sciences and Humanities
SP  - 50
EP  - 53
PB  - Science Publishing Group
SN  - 2472-0984
UR  - https://doi.org/10.11648/j.ash.20170305.12
AB  - In Developing countries like India, the taxation system is very crucial role in the development of revenues of the country. But India tax system is difficult to understand and in fact for calculation too in case of both direct tax as well as indirect tax. In order to overcome the problems of the government of India tries to simply the direct tax as well as indirect tax, the government made the proposal of introducing GST (goods and services tax) instead of all indirect taxes and DTC (direct tax code) instead of direct tax. But fortunately GST won the first place in the purview of implementation. The government of India is committed to replace all the indirect taxes levied on the services and goods by state and central government in the month of April 2017. This paper made an attempt to explain the level of impact of this GST (goods and services tax) on the growth of the economy, and benefits for the business and government and for the consumers.
VL  - 3
IS  - 5
ER  -

Copy | Download