Top Research Papers on GST

Applicable On supply side: GST is applicable on ‘supply’ of goods or services as against the old concept on the manufacture of goods or on sale of goods or on provision of services. Destination based Taxation: GST is based on the principle of destination-based consumption taxation as against the present principle of origin-based taxation. Dual GST: It is a dual GST with the Centre and the States simultaneously levying tax on a common base. GST to be levied by the Centre is called Central GST (CGST) and that to be levied by the States is called State GST (SGST). Import of goods or services woul...

: Goods and Services Tax is an indirect tax which is imposed in India to enhance and support the economic growth of the country. Most of the Developed countries have implemented Goods and Services Tax Bill (GST). However, in India, GST was established in 1999. A committee was set up to design the model of GST. But GST was re-launched on 1 July 2017 by the Indian government. There was a big hue and cry for its implementation. The GST replaced all the multiple taxes which were taken by state and central government. That is why it is said „One Nation One Tax‟ which means there is no need to pay a...

Goods and Services Tax is an indirect tax which is imposed in India to enhance and support the economic growth of the country. Most of the Developed countries have implemented Goods and Services Tax Bill (GST). However, in India, GST was established in 1999. A committee was set up to design the model of GST. But GST was re-launched on 1 July 2017 by the Indian government.

The Australian Goods and Services Tax (GST) is a tax levied on the supply of goods and services in Australia. The GST is charged at a rate of 10 per cent of the final price of goods and services. In the fiscal year ended 30 June 2014, the GST raised $51.4 billion. This is about 3.3 per cent of GDP or 12.5 per cent of total tax revenue collected in Australia.

The Goods and Services Tax (GST) is a type of indirect tax that has replaced various other indirect taxes in many countries, including India. It is designed to simplify the tax structure and make it more transparent. Instead of multiple taxes at different stages of production and distribution, GST consolidates them into a single tax at the point of consumption Goods and Services Tax is an indirect tax to support and enhance the economic growth of the country. Most of the Developed countries have implemented Goods and Services Tax Bill (GST). However, in India, GST was established in 1999. A co...

The implementation of GST just happened few years ago. At the initial stage the taxpayers were not much aware about the GST tax audit. It had become the duty of the auditor to educate their taxpayers about the rules and regulations of GST tax audit. The Chartered Accountant and Cost Accountant had to verify each and every documents of their taxpayer before filing the returns. The purpose of this study was to find out the impact of GST tax audit on taxpayers. This paper titled as “A Study on Tax Audit Under GST (Goods and Services Tax)”. Both primary data and secondary data is been used for thi...

Goods and Service Tax or GST as it is known is all set to be a game changer for the Indian Economy. GST is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. In India, there are different indirect taxes applied on goods and services by central and state government. GST is intended to include all these taxes into one tax charged on both goods and services. The government introduced GST especially to avoid corruption. The introduction of GST had many impact in each and every person’s life. Our Central Government has introduced this new taxati...

GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. GST is charged on the value or selling price of the products. GST is intended to include all these taxes into one tax with seamless ITC and charged on both goods and services. Thus, excise duty, special additional duty, service tax, VAT to name a few will get repealed and will be added into GST. For this, GST will have 3 parts – CGST, SGST and IGST. The central taxes like excise duty will be subsumed into CGST ...

Tax is compulsory levy made by the government as a means of raising revenue and to finance government operations. Tax in general makes up about 80 percent of government revenue. The Malaysian government tax system is seen to revert to sales and service tax (SST) as compared to good and service tax (GST). This strategy is seen as part of government tax reform program to enhance the efficiency and effectiveness of the taxation system in Malaysia. The abolishment of GST as one of the promises make by Pakatan Harapan (PH) government. SST is not a new tax system for Malaysia since it has been imple...

Goods and Services Tax (GST) is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected on value-added goods and services at each stage of sale or purchase in the supply chain. The system allows the set-off of GST paid on the procurement of goods and services against the GST which is payable on the supply of goods or services. However, the end consumer bears this tax as he is the last person in the supply chain. Experts say that GST is likely to improve tax collections and boost India’s econo...

Products refers to the output, which an organisation operates for.It may be Goods or Services that the outcome for the efforts of an entity. Service sector is the largest sector of India.Gross Value Added (GVA) at current prices for Services sector is estimated at 92.26 lakh crore INR in 2018-19.Banking sector has vital role in Indian economy and for rural as well as urban development as one of the largest service sectors. It contributes nearly 7.7% towards GDP.The Indian banking sector consists of 26 public sector banks, 20 private sector banks and 43 foreign banks along with 61 regional rura...

In India, the maximum population is of the middle class and lower middle class where people either belong to service class or they depend on agriculture for their living. In this scenario, the most important question is what the impact of GST on consumers? There are lots of questions in the mind of consumers in these days such as, is there anything new for him or it’s like an old material in a new package? Is there any tax relaxation for him in new tax provisions or it will increase the prices of goods and services for him? As soon as the GST came into effect, it would not be wrong to say that...

GST(Goods and Service Tax ) is all set to be a game changer for the Indian economy. The Goods and Services Tax (GST), implemented on July 1, 2017, is regarded as a major taxation reform till date implemented in India since independence in 1947. GST is intended to include all these taxes into one tax with seamless ITC and charged on both goods and services. Thus excise duty, special additional duty, service tax, VAT to name a few will get repealed and will be added into GST.Consumption and productions of goods and services is undoubtedly increasing and because of multiplicity of taxes in curren...

The investigators are intended to study the customers’ perception on Goods and Service Tax (GST) from Mannarkkad municipality. The method of study was survey and collected data from thirty respondents from that area. The main objectives of the study are to study the perception of customers on the different aspects of GST and to study if there any significant differences among customers’ perception according to gender, age, educational qualification and income level. The major findings are the customers have positive attitude and there is no significant differences between customers according t...

The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. It is aimed at being comprehensive for most goods and services. The GST council, comprising federal and state finance ministers, has already cleared all the five draft lawsthe central GST, Integrated GST, state GST, union territory GST and rules on compensating states for revenue losses. GST is expected to create ...

Goods and Services Tax is defined as the Giant Indirect Tax structure designed to support and enhance the economic growth of a country. More than 150 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in year 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015 but is yet to be ratified by the Rajyasabha. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country.

Goods and Services Tax (GST) will be a transformational restructuring of Indian taxation system by developing common unified national market and reducing cascading effects of tax on goods and services. This will lead to complete overhaul of indirect tax structure in India. The main objectives of GST are to widen the tax base, harmonization and rationalization of tax rates. The GST would ensure better compliance and reduces tax evasion. But there are certain structural issues related to exempted items and tax administration required to implement such new mechanism which are not yet addressed. T...

The concept of GST was proposed in India few years back. It is one of the biggest taxation reforms in India – the Goods and Service Tax (GST) -- is all set to integrate State economies and boost overall growth of economy. GST is leviable on all supply of goods and provision of services as well combination thereof. All sectors of economy whether the industry, business including Govt. departments and service sector shall have to bear impact of GST. All sections of economy viz., big, medium, small scale units, intermediaries, importers, exporters, traders, professionals and consumers shall be dir...

GST: Goods and Service Tax is a comprehensive tax levy on manufacture, sale and consumption of goods and services. GST is termed as biggest tax reform In Indian Tax Structure. It will not be an additional tax, it will include central excise duty, service tax additional duties of customers at the central level, VAT, central sales tax, entertainment tax, octroi, state surcharge, luxury tax, lottery tax and other surcharge on supply of goods and services. The purpose of GST is to replace all these taxes with single comprehensive tax, bringing it all under single umbrella. The purpose is to elimin...

GST is a biggest tax reform in the history of India. The aim of GST is to increase the tax base by bring small and medium enterprises and the unorganized industries under the GST purview. GST will lead to more competitiveness in Indian market and develop a level playing field between large and small enterprises. Indian businesses will also be able to compete with foreign countries. The objectives of the present study are to analyze the positive aspects of the GST in India; to analyze the problems, arise in implementation of GST; to know the legal aspects of the GST and to analyze the perspecti...

Goods and Services Tax (GST)  is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation. It was introduced as the Indian Constitution (One Hundred and First Amendment) Act 2016. The GST is administered & governed by GST Council and its Chairman is Union Finance Minister of India.

The transition of closed Indian economy from a static public sector based, heavy industry dominated, import substituting to a dynamic open and export-led economy allocating resources according to market signals has necessitated systemic changes in the tax system. In an export-led open economy, the tax system should not only raise the necessary revenues to provide the social and physical infrastructure but also minimize distortions and adjust itself to the requirements of a market economy so as to ensure international competitiveness. The Finance Ministry of Government of India set up a Task Fo...

The introduction of a Goods and Services Tax (GST) in Australia will have a profound impact on many sporting bodies that will now have to understand and operate within the complexities of this new system of indirect taxation. Many issues arise in this context, including whether such bodies need to register under the new rules, as well as how to treat the various supplies that are made to sporting bodies, including sponsorships, grants and prize monies. The purpose of this article is to explain how the new rules will affect sporting bodies, as well as highlighting important features of the new ...

The Goods and Services Tax (GST) was introduced to simplify the tax system by eliminating the cascading effect of multiple taxes, leading to uniform tax rates across states and the creation of a unified market for goods and services. This research aims to investigate how the implementation of GST has impacted the productivity of India’s retail industry. By replacing various indirect taxes, GST streamlined the tax structure and aimed to promote ease of doing business, reduce compliance burdens, and potentially boost productivity in the retail sector. The study examines different aspects, includ...

GOODS AND SERVICES TAX (GST) is one of the most important reforms brought about in India. Due to various political issues its implementation got postponed. This GST is a comprehensive tax system which will take into account all the indirect taxes and bring about a uniform system of taxation for the country. This GST will eliminate all hurdles and inconveniences which were present in the old indirect taxing system and will bring about a vital role in the development and growth of the Indian economy. GST in India is more of an advantage than disadvantage to the country, but people fail to unders...

This paper is an analysis of what the impact of GST (Goods and Services Tax) will be on Indian Tax Scenario. The authors have stated with a brief description of the historical scenario of Indian taxation and its tax structure. Then the need arose for the change in tax structure from traditional to GST model. GST has be detailed discuss in this paper by the authors as the background, silent features and the impact of GST in the present tax scenario in India.

GST/HST information on how GST/HST works, including registration, input tax credits, charging the tax, filing returns, rebates, and more.

The Goods and Services Tax (GST) is becoming one of the most prominent topics in Malaysia. The announcement by the Malaysian Ministry of Finance (MOF) in the Budget 2010 on the implementation of GST had created various reactions from practitioners, academicians, general public and most important businesses. GST is one of the tools that are proposed by the Government to reduce continuous deficit budget in Malaysia. This paper discusses the GST as a new tax reform in Malaysia, and covers several issues in order to enhance the understanding and readiness among Malaysian in adopting GST.

The Goods and Services Tax (GST), implemented on July 1, 2017, is regarded as a major taxation reform till date implemented in India since independence in 1947. GST was planned to be implemented in April 2010, but was postponed due to political issues and conflicting interest of stakeholders. The primary objective behind development of GST is to subsume all sorts of indirect taxes in India like Central Excise Tax, VAT/Sales Tax, Service tax, etc. and implement one taxation system in India. The GST based taxation system brings more transparency in taxation system and increases GDP rate from 1% ...

The biggest tax reform in Indian history – GST – was implemented on the midnight of 30 th June 2017. The biggest benefit of GST will be on removal of a significant uncertainty that has been on the horizon for Indian businesses in terms of indirect tax regime for several years. GST over the medium-to –long-term will lead to higher revenues to centre and states while also increasing the size of the economy and having positive impact on gross domestic product. From a services standpoint, the service tax rate currently applicable is 15% (inclusive of cesses). Under the GST regime, this rate may go...

This article offers a practical strategy that combines the capabilities of cloud computing and social media analytics to effectively monitor and manage governmental policies, which would not have been achieved without technology.

Goods and Services Tax is an indirect tax to support and enhance the economic growth of the country. Most of the Developed countries have implemented Goods and Services Tax Bill (GST). However, in India, GST was established in 1999. A committee was set up to design the model of GST. But GST was re-launched on 1 July 2017 by the Indian government. There was a big hue and cry for its implementation. The GST replaced all the multiple taxes which were taken by state and central government. That is why it is said One Nation One Tax which means there is no need to pay any other tax in all over the c...

India has implemented the Goods and Services Tax, an indirect tax, to help and promote the nation’s economic expansion. The Goods and Services Tax Bill has been enacted in the majority of developed nations. In India, GST was established in 1999. A committee was set up to design the model of GST. But GST was re-launched on 1 July 2017 by the Indian government. There was a lot of uproar in favor of its introduction. All of the different taxes levied by the federal and state governments were replaced with the GST. The phrase “One Nation, One Tax” refers to the fact that all taxes must be paid in ...

One of the impacts of GST on the budgets of the Indian unions is that, as soon as the various indirect taxes disappear, all changes to the indirect tax before the implementation of the GST in the budget were included in Budget B, which deals with of the tax proposals. However, the decision to change the current GST rate is made by the GST Committee. Therefore, no significant changes are expected in the GST tax law beyond the change of basic rates beyond the scope of GST. FM can be mentioned about the 2018 forecast change, which is your budget, but you cannot implement specific changes through ...

GST was introduced in India after a struggle of more than a decade. The multiple tier indirect tax system in India had a cascading effect, to overcome which GST was introduced by 101th constitutional amendment. This has considerably simplified the tax regime in the country. GST has already been implemented in more than 160 countries around the globe, as a result of which we can take examples of its effective implementation procedure. The basic difference between the old and the new tax structure is that the new regime is destination based charge whereas the old regime followed origin based tax...

The Goods and Services Tax (GST), implemented on July 1, 2017, is regarded as a major taxation reform till date implemented in India since independence in 1947. GST was planned to be implemented in April 2010, but was postponed due to political issues and conflicting interest of stakeholders. It is a comprehensive tax system that will subsume all indirect taxes of states and central governments and unified economy into a seamless national market. The primary objective behind development of GST is to subsume all sorts of indirect taxes in India like Central Excise Tax, VAT/Sales Tax, Service ta...

India has got a well-structured and simplified taxation system, where authoritative segregation has been done among the Central government, state governments and local bodies. But with the implementation of GST, the harmonization of tax rules, regulations, rates, processes and procedures across the states was expected to improve the ease of doing business in India. The removal of cascading of taxes and transaction costs associated with inter-state transactions was also expected to encourage investment and therefore, the economic growth of country. With the objective of the impact assessment of...

The goods and services tax (GST) implemented on July 1, 2017, is regarded as the most significant tax reform in India. It is levied on manufacture, sale, and consumption of goods, services, or both at a national level. Previous taxes like- excise duty, VAT, Service tax, Central sales tax, import duty, etc., is replaced by GST. The GST based taxation system brings more transparency and also reduces tax evasion and tax avoidance in the country. This paper highlighted the background of the previous taxation system, the GST concept along with its working, comparison of previous tax structure v/s G...

This paper explores the impact of GST on the country’s GDP. Also, the impact on various segments of the population. It also explores the journey of this reform and comparison with the countries which have done this reform earlier. The identification strategy makes use of various reports published by the media and government agencies. The paper also discusses the impact of GST on the logistics industry of India. The paper also looks into the proposed slabs of GST and also its effect on tax revenue for various States of India. The study also considered the items which have considered out of GST ...

The Micro, Small and Medium Enterprises (MSMEs) sector has been deliberated as the chief development driver of the Indian economy for the year(Sunil Mitra 2018). India is a predictable to appear as one of the important economies in the world over the next decade in the light of a positive political and economic scenario (Mc Kinsey 2017).The Micro, Small and Medium Enterprises (MSMEs) fragment is expected to play a significant role in the appearance of the Indian Economy. The development of this part is very decisive to meet the national imperatives of financial inclusion and generation of sign...

GST also known as the Goods and Services Tax is defined as the giant indirect tax structure designed to support and enhance the economic growth of a country. More than 150 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015 but is yet to be ratified by the Rajyasabha. However, there is a huge hue and cry against its implementation. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the co...

The Goods and Services Tax (GST), enforced on national holiday, 2017, is thought to be a serious reform in taxation until date enforced in Bharat since independence in 1947. One class of tax created by amalgamating differing types of indirect taxes by State and Central Government underneath one head, called GST. GST is additional useful for the purchasers as their tax burden or liability has been significantly reduced to quite twenty-five. This study is meaning to grasp the perspective of shoppers or customers in implementing GST by taking the necessary shopper sturdy phase, that is, fast-pace...

From 1 April 2017 there are manufacturers, traders and community reactions to the goods and services tax (GST) that are enforced by the Indian government, illogical claims and opinions. Several media companies around the world have concentrated on this unification law and have achieved government performance. With the passage of tax legislation for goods and services in RajyaSabha, India is at the center of the world economy. As the bill was passed, many international newspapers have given their opinion on how the GST legislation has brought a new wave of economic reforms in Britain. The docum...

From 1 April 2017 there are manufacturers, traders and community reactions to the goods and services tax (GST) that are enforced by the Indian government, illogical claims and opinions. Several media companies around the world have concentrated on this unification law and have achieved government performance. With the passage of tax legislation for goods and services in RajyaSabha, India is at the center of the world economy. As the bill was passed, many international newspapers have given their opinion on how the GST legislation has brought a new wave of economic reforms in Britain. The docum...

Tourism is one of the main pillars of Indian exchequer. India which turns into GST phase after July 1, 2017 has some changes in tourism industry in India. The introduction of GST caused some alteration in hotel industry as well as transportation industry which are essential tourism infrastructure. Prior to GST, there exists many forms of indirect taxes such as VAT (Value Added Tax), luxury tax, entertainment tax, excise duty, service tax, customs duty and central state tax. GST subsumed all these existed indirect taxes and reduced the burden of cascading effect of tax on common man as well as ...

Indirect taxation in India needs a definite revamp as we have multiple taxes like service tax, excise duty, sales tax and so on, for a single good or service. The taxation system has become very complex and leading to various issues like double taxation and cascading effects etc., which are ultimately affecting the general public, with increasing prices and lack of transparency. The present system is not only affecting the general public, but also the investors, industries, businessmen and taxpayers as well, which is hampering the easy of doing business and growth of economy at large. Indirect...

Goods and Services Tax (GST) has replaced the complex multiple indirect tax structure from 1 July 2017. GST is levied as a tax on supply of goods or services. Indian retail sector is comprised of organized retail and unorganized retail. The share of organized retail in India is still less than 20 per cent and majority contribution is of unorganized sector. The E-commerce sale is still less than 7% of overall retail sector sales in India. The total registered tax payers under Excise, Service tax and VAT are only 83.5 lakhs and likely to increase to 2 crore in goods and services tax (GST). GST m...

The aim of paper is to find out the challenges and to think that how it is possible to implement in India. This paper also shows the calculation and concept of GST bill in India. The result shows that the GST Bill is beneficial to all and also the calculation is easy and implementation is also easy. It replaces many taxes in one. GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from April 2010 because of political issues and conflicting interests of various stakeholders it is implemented this year. It is a comprehensive tax syst...

GST also known as the Goods and Services Tax is defined as the giant indirect tax structure designed to support and enhance the economic growth of a country. More than 150 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015 but is yet to be ratified by the Rajyasabha. However, there is a huge hue and cry against its implementation. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the co...

GST also known as the Goods and Services tax is defined as the giant indirect tax structure designed to support and enhance the economic growth of a country. The aim of this research paper is regarding impact of GST and its impact on various sectors. With the introduction of GST, there is chaos and confusion among common man. GST bill will be a form for economic integration of India. The main trait of the GST is to transform India into a unified market by dismantling the present fiscal barrier among states and can expect improved tax compliance. There would be only one tax, that too at the nat...