A Comparative Study on Contribution of Indirect Tax and GST towards GDP of India: An Empirical Analysis

Authors: Usha Sadhani, A.M. Kadakol

DOI: https://doi.org/10.37082/IJIRMPS.v11.i4.230256

Short DOI: https://doi.org/gsh6cf

Country: India

Full-text Research PDF File:   View   |   Download

Abstract: India has adopted a dual GST which is imposed concurrently by the Centre and States, i.e., Centre and States simultaneously collect tax on goods and services. GST extends to whole of India including the State of Jammu and Kashmir. The Implementation of the Goods and Services Tax (GST) in India was a historical move, as it marked a significant indirect tax reform in the country. The amalgamation of large number of taxes (levied at the central and state level) into single tax is expected to have big advantages.

The entire process of GST (from registration to filling returns) made online, and it is super simple. This has been made beneficial for start-ups especially, as they do not have to run from pillar to post to get different registrations such as VAT, excise, and service tax. Earlier, there was Central Excise duty and service tax, each of which had their own returns and compliances. This paper is intended to analyze and identify that is there any significant difference between GST Revenue that is collected by the Government post implementation of GST towards GDP when compared to indirect tax revenue.

Keywords: Indirect Tax, GST, GDP Contribution, Pre and Post GST Implementation

Paper Id: 230256

Published On: 2023-07-21

Published In: Volume 11, Issue 4, July-August 2023

Cite This: A Comparative Study on Contribution of Indirect Tax and GST towards GDP of India: An Empirical Analysis - Usha Sadhani, A.M. Kadakol - IJIRMPS Volume 11, Issue 4, July-August 2023. DOI 10.37082/IJIRMPS.v11.i4.230256

Share this