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Research Article | Open Access
Volume 4 | Issue 8 | Year 2017 | Article Id. IJEMS-V4I8P102 | DOI : https://doi.org/10.14445/23939125/IJEMS-V4I8P102

Impact of GST in India and Comparisions with Other Countries

G.Aruna Kumari, C.Y.Naga Jyothi

Citation :

G.Aruna Kumari, C.Y.Naga Jyothi, "Impact of GST in India and Comparisions with Other Countries," International Journal of Economics and Management Studies, vol. 4, no. 8, pp. 5-11, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I8P102

Abstract

GST is intended to include all the taxes into one tax with seamless ITC and charged on both goods and services. Thus the tax is expected to reduce the concept of ‘tax on tax’, increase the gross domestic product of the economy and reduce prices. An analysis of what the impact of GST (Goods and Services Tax) will be on Indian Tax Scenario.Then the need arose for the change in tax structure from traditional to GST model. The impact of GST in the present tax scenario in India.

Keywords

GST (Goods and Services Tax), Indian Tax Scenario, two-tiered One-Country-One-Tax regime, tax structure, Cascading Effect.

References

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