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An Analysis of GST in India Amid COVID-19 Crisis – A Review of Literature


Affiliations
1 DGET, Research Scholar, Singhania Univerrsity, Rajasthan, India
2 Faculty of IT and Management, ABS, Mumbai, Academic Researcher, India
 

There is mixed response, inexplicit, arguments and opinions among the Manufactures, traders and society about the Goods and Services Tax (GST) to be implemented by Government of India from 1st April 2017. Various news organizations from all around the world focused on the bill unifying the country and it being an achievement of the government. As the Goods and Services Tax Bill was passed in the Rajya Sabha, it also brought India at the center of the global economy. With the passing of the bill, many international newspapers published their views on how the GST Bill brings a new wave of economic reform in the country. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India. Finally, the paper examines and draws out a conclusion. However, there was a huge hue and cry against its implementation and mixed response, inexplicit, arguments and opinions among the Manufactures, traders and society about the GST (Borec,2013). It would be interesting to understand why this proposed GST (Gelardi, 2013) regime may hamper the growth and development of the country. There have been great loses to Government due to pandemic as most of the citizens could not make up to pay taxes and thus Government to provide special relaxations. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India.

Keywords

Rajya Sabha, Global Economy, Navi Mumbai, Restaurants, Goods and Services Tax.
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  • Bird Richard M. The GST/HST: Creating an integrated Sales Tax in a Federal Country.

  • Empowered Committee of Finance Ministers First Discussion Paper on Goods and Services Tax in India,The Empowered Committee of State Finance Ministers, New Delhi, 2009.

  • Garg Girish. (2014). Basic Concepts and Features of Good and Services Tax in India. International Journal of scientific research and Management. 2(2):542-549. International Journal of Applied Research.

  • Indirect Taxes Committee, Institute of Chartered Accountants of India (ICAI) Goods and Services Tax (GST). 2015. Retrieved from: http://idtc.icai.org/download/Final-PPT-on-GSTICAI. pdf

  • Kumar Nitin (2014). Goods and Services Tax in India: A Way Forward. Global Journal of Multidisciplinary Studies, 3(6):216-225.

  • Parkhi, Shilpa. Goods and Service Tax in India: the changing.

  • Sharma & Shashi K. Gupta, (2015). Financial Management, Kalyani Publishers, Noida.

  • Avadhani, (2015), Security Analysis and Portfolio Management , HPH, Bangalore.

  • S.P Jain and K.L. Narang, (2016). Corporate Accounting, Kalyani Publishers, Noida.

  • School of Public Policy, SPP Research Papers, 2012; 5(12):1-38.


Abstract Views: 272

PDF Views: 171




  • An Analysis of GST in India Amid COVID-19 Crisis – A Review of Literature

Abstract Views: 272  |  PDF Views: 171

Authors

Hetal Rajgor
DGET, Research Scholar, Singhania Univerrsity, Rajasthan, India
Pushpendu Rakshit
Faculty of IT and Management, ABS, Mumbai, Academic Researcher, India

Abstract


There is mixed response, inexplicit, arguments and opinions among the Manufactures, traders and society about the Goods and Services Tax (GST) to be implemented by Government of India from 1st April 2017. Various news organizations from all around the world focused on the bill unifying the country and it being an achievement of the government. As the Goods and Services Tax Bill was passed in the Rajya Sabha, it also brought India at the center of the global economy. With the passing of the bill, many international newspapers published their views on how the GST Bill brings a new wave of economic reform in the country. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India. Finally, the paper examines and draws out a conclusion. However, there was a huge hue and cry against its implementation and mixed response, inexplicit, arguments and opinions among the Manufactures, traders and society about the GST (Borec,2013). It would be interesting to understand why this proposed GST (Gelardi, 2013) regime may hamper the growth and development of the country. There have been great loses to Government due to pandemic as most of the citizens could not make up to pay taxes and thus Government to provide special relaxations. The paper highlights the background, Prospectus and challenges in Implementation of Goods and services Tax (GST) in India.

Keywords


Rajya Sabha, Global Economy, Navi Mumbai, Restaurants, Goods and Services Tax.

References