Goods and Service Tax (GST) in India

S. Haripriya
Assistant Professor, Department of Commerce (A & F),
Sri Krishna Arts & Science College, Coimbatore, Tamil Nadu, India
S. Pavithran & B.U. Harrish
Department of Commerce (A & F),
Sri Krishna Arts & Science College, Coimbatore, Tamil Nadu, India
International Conference on Transcending Boundaries in Corporate World (CRYSTAL – 2017)
PG and Research Department of Commerce with Computer Applications,
Hindusthan College of Arts and Science (A), Coimbatore, Tamil Nadu, India
Shanlax International Journal of Commerce
Volume 6, Special Issue 1, December 2017, ISSN: 2320-4168, Pages: 21-26

Abstract

Goods and service tax is an indirect tax which is common, that is one tax should be implemented by the central government (that is one common tax inside the country). It is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services. The introduction of the GST increased the costs of most consumer goods and services in India including food, hotel charges, insurance and cinema tickets. Upon its introduction in the country, GST led to a number of protests by the business community, primarily due to an increase in overall taxes and hence the prices of goods. This study undertook to know the effects of GST and its impact on business enterprises, the relationship of GST and black money, its advantages and disadvantages.

Keywords

GST, Effects of GST
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