Asian Journal of Management and Commerce
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P-ISSN: 2708-4515, E-ISSN: 2708-4523

2023, Vol. 4, Issue 2, Part C


Impact on Goods and Services Tax (GST) on Indian Economy


Author(s): Anushka Kumari

Abstract: The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect taxes reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading effects or double taxation in a major way and pay the way for a common national market. From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods. Introduction of GST would also make Indian products competitive in the domestic and international markets.

Pages: 209-211 | Views: 266 | Downloads: 115

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Asian Journal of Management and Commerce
How to cite this article:
Anushka Kumari. Impact on Goods and Services Tax (GST) on Indian Economy. Asian J Manage Commerce 2023;4(2):209-211.
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