A DETAILED STUDY ON IMPACT OF GST IN INDIA
Keywords:
GST, VAT, UPA, Government, Implementation.Abstract
Abstract :-
The Goods and Services Tax (GST) is a value added tax to be implemented in India, the decision on which is pending. GST is the only indirect tax that directly affects all sectors and sections of our economy. Ignorance of law is no excuse but is liable to panel provisions, hence why not start learning GST and avoid the cost of ignorance. Therefore, we all need to learn it whether willingly or as compulsion. The goods and services tax (GST) is aimed at creating a single, unified market that will benefit both corporate and the economy. The changed indirect tax system GST-Goods and service tax is planned to execute in India. Several countries implemented this tax system followed by France, the first country introduced GST. The GST Implementation is not yet declared by government and the drafting of GST law is still under process and a clear picture will be available only after announcement of Implementation. In 2011, the previous United Progressive Alliance (UPA) Government also introduced a Constitution Amendment Bill to facilitate the introduction of the GST in the Lok Sabha but it was rejected by many States. In this article we discussed the pros and cons of the GST in the Indian Regime.
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References
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Mandeep Singh., Assessment of Vocational Interests of Pahadi&Bakarwal School Students In Relation To Their Gender. Int J Recent Sci Res. 9(3), pp. 24817-24819. DOI: http://dx.doi.org/10.24327/ijrsr.2018.0903.1731
Dr. Singh, 2017. “A study of awareness of inhouse doping errors among national level players and sports administrators in J&K state of India”, International Journal of Current Research, 9, (01), 45226-45227. http://www.journalcra.com/sites/default/files/issue-pdf/20036.pdf
Singh, 2019; “Effect of Mobile Screen Psychomotor Digital Image Motivators in Person Technique in Reducing Anxiety Level of Intervarsity Players of Cluster University Jammu, Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). Volume-9 Issue-1, October 2019, PP: 3750-3752, DOI: 10.35940/ijeat.A9811.109119. https://www.ijeat.org/portfolio-item/A9811109119/
Singh. (2018). THE AWARENESS OF MOVEMENT AND FITNESS SCIENCES AMONG SCHOOL, UNDER GRADUATE AND POST GRADUATE LEVEL STUDENTS: EMPOWERING EDUCATION THROUGH PHYSICAL EDUCATION. European Journal of Physical Education and Sport Science, 4(3).https://doi.org/10.5281/zenodo.1218149
SINGH SIDHU, A., & SINGH, M. (2022). KINEMATICAL ANALYSIS OF HURDLE CLEARANCE TECHNIQUE IN 110M HURDLE RACE. International Journal of Behavioral Social and Movement Sciences, 4(2), 28–35. Retrieved from https://ijobsms.org/index.php/ijobsms/article/view/267
Singh, A., & Singh , D. M. (2013). PROMOTION OF RESEARCH CULTURE –ENHANCING QUALITY IN HIGHER EDUCATION. International Journal of Behavioral Social and Movement Sciences, 2(2), 202–208. Retrieved from https://ijobsms.org/index.php/ijobsms/article/view/152
SINGH, M., & SINGH SIDHU, A. (2016). A COMPARATIVE STUDY OF BODY COMPOSITION AND RELATIVE HEALTH STATUS AMONG RESIDENT AND NON-RESIDENT STUDENTS IN DIFFERENT SCHOOLS OF J&K. International Journal of Behavioral Social and Movement Sciences, 5(3), 08–13. Retrieved from https://ijobsms.org/index.php/ijobsms/article/view/320
Singh Nathial, D. M. (2012). ANALYZING THE CREDIT BASED SYSTEM IN PHYSICAL EDUCATION. International Journal of Behavioral Social and Movement Sciences, 1(3), 172–176. Retrieved from https://ijobsms.org/index.php/ijobsms/article/view/37
Palil, M.R. &Ibrahim, M.A.(2011). The Impacts of Goods and Services Tax (GST) on Middle Income Earners in Malaysia. World Review of Business Research, 1(3), 192- 206.
KPMG. (2011). Economic Analysis of the Impacts of Using GST to Reform Taxes. CPA Australia, (September), 54
