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: 35 | Downloads: 26
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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.