Will the impact of GST benefit to our economy?
Abstract & Details
Research Area
Commerce
Keywords
Goods and Services Tax
Value Added Tax
CGST
SGST
Indirect Tax
Abstract
Goods and Services Tax (GST) is a comprehensive tax levy on manufacture, sale and consumption of goods and services at national level. GST is a consumption based tax. It is collected on value added at each stage of purchase or sale in supply chain. GST was first introduced during 2007-08 budget session.GST Bill was passed in Loksabha on 6th May2015. Introduction of GST would also make India’s products more competitive in domestic and international markets. This would lead to economic growth and prosperity. Our export sector will be smoothen and more competitive. The most prominent hurdle in introducing this new tax structure has been the struggle between the states and the Centre on the loss of revenue. This paper is a conceptual approach which aims to trace the features of GST and its impact of on Indian economy.
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Author Information
| # | Name | Institute / Affiliation |
|---|---|---|
| 1 | Jaseena K B | Sree Narayana Guru College |
| 2 | S Reena | Sree Narayana Guru College |
How to Cite
Use the following formats to cite this article in your research.
APA Style
K B, Jaseena & Reena, S (2017). Will the impact of GST benefit to our economy?. International Journal of Advance Research and Innovative Ideas In Education, 1(4), 346-350.
MLA Style
K B, Jaseena, and S Reena. "Will the impact of GST benefit to our economy?." International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 4, 2017, pp. 346-350.
IEEE Style
Jaseena K B and S Reena, "Will the impact of GST benefit to our economy?," International Journal of Advance Research and Innovative Ideas In Education, vol. 1, no. 4, pp. 346-350, 2017.
Vancouver Style
K B Jaseena, Reena S. Will the impact of GST benefit to our economy?. International Journal of Advance Research and Innovative Ideas In Education. 2017;1(4):346-350.
Harvard Style
K B, Jaseena & Reena, S (2017) 'Will the impact of GST benefit to our economy?', International Journal of Advance Research and Innovative Ideas In Education, 1(4), pp. 346-350.
Chicago Style
K B, Jaseena and S Reena. "Will the impact of GST benefit to our economy?." International Journal of Advance Research and Innovative Ideas In Education 1, no. 4 (2017): 346-350.
Turabian Style
K B, Jaseena and S Reena. "Will the impact of GST benefit to our economy?." International Journal of Advance Research and Innovative Ideas In Education 1, no. 4 (2017): 346-350.
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