JOURNAL ARTICLE
Impact of goods and services tax (GST) on Indian economy.
Published In: International Journal of Financial Engineering, 2024, v. 11, n. 2. P. 1 1 of 3
Database: Mathematics Source 2 of 3
Authored By: Bansal, Ramita; Shrivastava, Preeti; Kumar, Amar 3 of 3
Abstract
India has implemented the Goods and Services Tax, an indirect tax, to help and promote the nation's economic expansion. The Goods and Services Tax Bill has been enacted in the majority of developed nations. In India, GST was established in 1999. A committee was set up to design the model of GST. But GST was re-launched on 1 July 2017 by the Indian government. There was a lot of uproar in favor of its introduction. All of the different taxes levied by the federal and state governments were replaced with the GST. The phrase "One Nation, One Tax" refers to the fact that all taxes must be paid in one location nationwide. The report thoroughly examines the effects of GST in India. The study offers sentiment analysis and bibliometric visualization of GST. It was discovered that the government implemented the GST in order to tax everyone in the nation and stop the flow of illicit money. However, it was noted that many Indian residents' feelings were conflicted. Therefore, it is advised to review the structure and maintain a focus on ongoing development. [ABSTRACT FROM AUTHOR]
Additional Information
- Source:International Journal of Financial Engineering. 2024/06, Vol. 11, Issue 2, p1
- Document Type:Article
- Subject Area:History
- Publication Date:2024
- ISSN:2424-7863
- DOI:10.1142/S2424786323500457
- Accession Number:178045040
- Copyright Statement:Copyright of International Journal of Financial Engineering is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Looking to go deeper into this topic? Look for more articles on EBSCOhost.