Top Research Papers on GST

: 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...

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.

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.

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...

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...

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...

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 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...

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...

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...

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) 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...

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...

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...

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 ...

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...

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...

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 ...

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.

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...

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.

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...

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

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...

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 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...

General information for individuals on Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit such as application, eligibility, calculation and payments.

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 Service Tax (GST) is becoming a game changer for the Indian economy. GST is a comprehensive indirect tax levied on manufacture, sale and consumption of goods as well as services at State and National level. The main objective of GST is to consolidate all indirect taxes in to a single tax. Introduction of GST in India would rationalize the tax content in product price; enhance the ability of business entities to compete globally. The Goods and Service Tax was launched in India on the midnight of 30 th June 2017 by forming the legislation which took 17 years i.e. from the year 2000 to ...

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...

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 ...

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...

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...

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...

After a marathon debate on Goods and Services Tax (GST) bill finally India witnessed the biggest tax reform after her independence. At the midnight of 30th June, 2017 GST was launched and legally enforced by the Indian Government. It is the biggest tax reform in independent India in last 70 years and will help to modernise Asia’s third largest economy. GST is passed to imply the principle of “One Nation One Tax”. GST has oriented the Indian federal system from fiscal federalism to cooperative federalism. It is replacing the multiple layers of complex taxation currently existing in India and ex...

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 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. It will replace all indirect taxes levied on goods and services by the Central Government and State Governments. GST is the only indirect tax that directly affects all the sections of our economy. India has been trying to implement the Goods and Services Tax (GST)for last few years but due to political and state governments autonomy issues the Federal government has been unable to make it law. Several countries...

*Corresponding Author Email: mathew.alappatt@curtin.edu.my Tel.:+60138499865 Malaysia is introducing the Goods and Services Tax (GST) with effect from April 1, 2015. The idea of introducing GST was first conceived in 2005, but its implementation was delayed due to resistance from the public. As a part of the holistic program to overhaul the financial system, the government decided to implement GST from April 2015 onwards. This article looks into areas of the public’s concern about GST, the government’s assertions on GST and how it will affect the common man. The article also explains what GST ...

The Goods and Services Tax (GST) is a value added tax to be implemented in India, the decision on which is pending. GST is the only indirect tax that directly affects all sectors and sections of our economy. Ignorance of law is no excuse but is liable to panel provisions, hence why not start learning GST and avoid the cost of ignorance. Therefore, we all need to learn it whether willingly or as compulsion. The goods and services tax (GST) is aimed at creating a single, unified market that will benefit both corporates and the economy. The changed indirect tax system GST-Goods and service tax is...

Goods and Services Tax (GST) is a part of the proposed tax reforms to evolve an efficient and harmonised consumption tax system in the country. GST 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 would give India a world class tax system and improve tax collections. It would end the long standing distortions of differential treatment of manufacturing and service sector. The introduction of GST will lead to the abolition of various central and state indirect taxes and eliminate the cascading effects...

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...

Goods and Services Tax is a broad based and a single comprehensive tax levied on goods and services consumed in an economy. GST is levied at every stage of the production-distribution chain with applicable set offs in respect of the tax remitted at previous stages. It is basically a tax on final consumption. The Goods and Services Tax (GST) is a value added tax to be implemented in India, the decision on which is pending. GST is the only indirect tax that directly affects all sectors and sections of our economy. Ignorance of law is no excuse but is liable to panel provisions, hence why not sta...

Goods and Service Tax (GST) is a comprehensive tax on supply of Goods and Services. Traditionally India's tax regime relied heavily on indirect taxes. Revenue from indirect taxes was the major source of tax revenue till tax reforms were undertaken during nineties. The major argument put forth for heavy reliance on indirect taxes was that the India's majority of population was poor and thus, widening base of direct taxes had inherent limitations. But, the Indian system of indirect taxation is characterized by cascading, distorting tax on production of goods and services which leads to hampering...

GST is one of the most crucial tax reforms in India which has been long pending. It was supposed to be implemented from 1 April, 2017. GST is one of the biggest taxation reforms in India the GST is all set to integrate state economic and boost overall growth currently, companies and businesses pay lot of indirect taxes such as VAT, service tax, sales tax, entertainment tax, octopi and luxury tax. Once GST is implemented, all these taxes would case to exit. There would be only one tax, that too at the national level, monitored by the central government. At present, separate tax rates are applie...

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...

After the passage of the Constitution (122nd) Amendment Bill, 2014 for Goods and Services Tax (GST) in the Lok Sabha on 6th May, 2015, the prospects of replacement of all the indirect taxes levied on goods and services by the Centre and States looks brighter. GST offers a comprehensive tax regime with minimum exemptions. Industry experts are of the opinion that GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of taxation on the cost of goods and services. It will impact the Tax Structure, Tax Incidence, Tax Computation...

Goods and services tax (GST) is a broad based and a single comprehensive tax levied at every stage of the production and distribution chain with applicable set-off in respect of the tax remitted at previous stages. It is basically a tax on final consumption integrates the union excise duties, custom duties, services tax and state VAT. Presently around 140 countries have adopted the GST pattern, including India. The GST would be beneficial for the consumers as it reduces the final burden of taxation. For Government it leads the reduction of tax compliance efforts and administrative costs and fo...

: The Indian economic system is well structured and insulated to withstand the ups and downs in the economic cycle. This helped the Indian economy to survive during the recent economic crisis around the world. Even the globally accepted economic giants were also affected adversely during the crisis. The recently implemented Goods and Service Tax-GST system is expected to be another milestone in the Indian economy. The border idea behind GST is ‗One nation One tax system‘. The fundamental intention behind GST is to avoid compound taxation system and to administer uniformity in the scattered tax...