GOODS AND SERVICE TAX IS ESSENTIAL PATH FOR SUSTAINABLE DEVELOPMENT IN INDIAN ECONOMY.
In: International Conference on Ongoing Research in Management & IT; 2018, p479-490, 12p
Konferenz
Zugriff:
GST also known as the Goods and Services Tax is defined as a uniform indirect tax levied on goods and services across a country to support and enhance the economic growth of a country. More than 160 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015. The GST rolled out from July 1, 2017. GST, as an umbrella tax has replaced central taxes such as Central Excise Duty, Service Tax, Additional Duties of Excise & Customs, Special Additional Duty of Customs, and cesses and surcharges on supply of goods and services and state VAT. There was a huge hue and cry against its implementation. In present paper it has been shown that which sectors are positively or negatively affected by GST. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country. [ABSTRACT FROM AUTHOR]
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GOODS AND SERVICE TAX IS ESSENTIAL PATH FOR SUSTAINABLE DEVELOPMENT IN INDIAN ECONOMY.
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Autor/in / Beteiligte Person: | Mahatme, Radha S. ; Singh, Ravi Kumar |
Quelle: | International Conference on Ongoing Research in Management & IT; 2018, p479-490, 12p |
Veröffentlichung: | 2018 |
Medientyp: | Konferenz |
ISSN: | 2320-0065 (print) |
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