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Socio-Economic Impact of GST


Affiliations
1 Shri M.D. Shah Mahila College, Malad West Mumbai, India
 

Amidst economic crisis across the globe, India has posed a beacon of hope with ambitious growth targets, supported by a bunch of strategic undertakings such as the Make in India and Digital India campaigns. The Goods and Services Tax (GST) is another such undertaking that is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. GST is also expected to eliminate the cascading effect of taxes. India is projected to play an important role in the world economy in the years to come. The expectation of GST being introduced is high not only within the country, but also within neighboring countries and developed economies of the world.

Keywords

Indian Economy, Goods and Services Tax, GST.
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  • Socio-Economic Impact of GST

Abstract Views: 877  |  PDF Views: 345

Authors

Arun Kumar Mishra
Shri M.D. Shah Mahila College, Malad West Mumbai, India

Abstract


Amidst economic crisis across the globe, India has posed a beacon of hope with ambitious growth targets, supported by a bunch of strategic undertakings such as the Make in India and Digital India campaigns. The Goods and Services Tax (GST) is another such undertaking that is expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. GST is also expected to eliminate the cascading effect of taxes. India is projected to play an important role in the world economy in the years to come. The expectation of GST being introduced is high not only within the country, but also within neighboring countries and developed economies of the world.

Keywords


Indian Economy, Goods and Services Tax, GST.

References