Top Research Papers on GST

Overcoming the loopholes in the existing indirect tax regime, Goods and services tax (GST) is a major indirect tax reform in India. India is very close to its implementation, tentatively from 1 July 2017 as announced by Sri Arun Jaitely, the current Finance Minister. GST is a nationwide tax levied on supply of goods and services in India. It is a destination based value added tax levied at each stage in supply chain right from the manufacturer to the consumer with benefit of input tax credit at each stage thereby eliminating cascading effects. The final consumer thus will bear only the GST cha...

Goods and services tax (GST), hailed as a historic tax reform, is a step taken by Government of India to improve transparency and accountability in the taxation system of our country. The fisheries sector is also expected to have a varied impact consequent to the introduction of these reforms. The present study assessed the level of awareness and perception of impact of GST and to estimate the additional cost per annum in marine capture fisheries sector of Kerala due to implementation of GST and also to highlight the possible positive effects of inclusion of diesel price under GST. The study ...

Goods and Services Tax Council (GST Council) is a joint forum of the Centre and the States, created under Article 279A of the Constitution, for the smooth implementation of GST. Meetings of GST Council are held from time-to-time to sort out problems and ensure harmonization on different aspects of GST between the Centre and the States as well as among the States themselves. GST Council works on the basis of consensus. In all, 47 meetings of the Council have been held so far to discuss a wide range of issues concerning GST. Out of the 47 meetings, 18 took place before and 29 after the introduct...

GST is an Indirect Tax which has reinstated many Indirect Taxes in India. The Goods and Service Tax Act was passed in the parliament on 29th March 2017. The Act came into effect on 1st July 2017.1 Until now, many people are less understanding and confused regarding GST system and give a negative perception about it. Accordingly, this study attempts to find out perception on GST in Guntur, Andhra Pradesh. This research consequently, is an effort to find out perceptions of the engineering faculty about GST. A survey was conducted in Guntur, Andhra Pradesh to understand engineering faculty percep...

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.

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...

The main objective of this research is to investigates that the revenue collection of Goods and Service Tax (GST) month wise and its growth. It also examines that total number of 3 (b) and GSTR 1 return filed in Goods and Service Tax (GST) month, quarter wise and its growth rates as on 28.02.2019 in India. This study used secondary data. This study used to descriptive statistical tools used such as tables, charts, percentage analysis for analysis and interpretation of data. Inferential statistical tools used such as correlation, paired t test to test various hypotheses of the study. The study ...

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.

In line with the implementation of value added tax (VAT) by 160 countries, Malaysia has taken its own path with the introduction of goods and services tax (GST) starting from 1 April 2015 to replace its previous tax system. This new tax system has been announced on 25 October 2013, which has given about 17 months for businesses and people in Malaysia to make a complete preparation for GST. GST is proven to be the fairer tax system to overcome the previous one which was not only limited in scope, but also came with a number of inherent weaknesses. Therefore, in order to achieve the desired awar...

The findings’ highlights that there is no significant impact of GST on business.

This research emphasis on GST’s revenue contributes to India’s march towards $ 5 trillion economy. GST is an indirect tax in nature and levied on goods and services except alcoholic liquors and petroleum products. The dream of $ 5 trillion economy is too difficult for India. While perceiving such dream, GST would contribute to achieve it. In this study we focused on monthly collection of GST revenue, GST revenue Y-o-Y, GDP growth Y-o-Y, payment of GST in last six years, and the contribution to GST revenue from different business constitution. The GST slab rate of 18% and 28% are charged on lux...

The Malaysian government introduced the Goods and Services Tax (GST) starting from 1 April 2015 to enhance the revenue collections and mitigate the transfer pricing manipulation. Tax agents play a significant role to help businesses to comply with GST law and regulations. After one year of GST implementation, it is vital to understand tax agents’ perceptions on clients’ compliance behaviour and tax agents’ roles in influencing compliance. A total of 30 registered tax agents completed a survey questionnaire. The analysis shows that tax agents devote their time to provide advice to their clients...

The main objective of taxation is to raise revenue for the State. It is an effective tool to achieve higher level of economic development. In India, presentation of Value Added Tax (VAT) at the Central and the State level has been viewed as a noteworthy advance of roundabout duty changes. If the VAT is a major improvement at the national level and the business charge framework at the State level, at that point the Goods and Services charge (GST) is an extra significant towards an indirect tax reforms for India. Under the GST regime, there is no difference is made between goods and services for...

GST is a broad taxation policy that system that include all indirect taxes of central and state governments. Taxation is a kind of resource to the government for the revenue generation. There are different types of taxes prevailing in India like corporate tax and income tax, custom and excise duty. At present, the Government of India is going to replace Value Added Tax (VAT) with GST to minimize the complexity of multiple taxes. This paper highlights the impact of new taxation system on selected various Industries in India. The Government of India is not satisfied with the present tax system b...

GST implementation in Malaysia in April 2015 is part of the tax reformation with the goal of having a more efficient and effective taxation system. A successful tax reformation requires a high acceptance from taxpayers. In order to aid in the acceptance of GST implementation, taxpayers need to have a good competency level reflected through proper knowledge and awareness of the GST system, also known as GST literacy. Thus, the main objective of this study is to assess the level of GST literacy of taxpayers. Secondly, the current study aims to identify the relationship between GST literacy level...

GST is a major tax reform in India that has been in the works for a long time due to political concerns and competing stakeholders' interests. It was first launched in April 2010, but the goods and services tax (GST) went into effect on July 1, 2017. The primary goal of GST is to consolidate all indirect taxes in India, including the central excise tax (CET), the value-added tax (VAT), and the service tax, into a single taxation structure. It improves the country's taxation system by increasing transparency and reducing tax evasion and corruption. The GST concept, its features, GST advantages,...

The awareness among pharmacists about GST was found to be very low and have some apprehensions on GST, if pharmacists will have awareness they can create awareness among customers and change their perceptions to make India a vibrant and dynamic country.

With the introduction of Goods and Services tax (GST), proper tax laws for the e-commerce industry has been formulated, which was not in place for the industry earlier. The implementation of GST has created its impact in every sector. It is generally assumed that GST is more beneficial as it will diminish the cascading effects of taxes and that will reduce the overall cost of goods. A lot of investments on e-commerce warehouses have been done by the e-commerce players such as Amazon, Flipkart etc. Primary data was collected from online shoppers (customers) through a structured questionnaire a...

: Goods and Service Tax (GST) is a destination base indirect tax collected by central as well as state government to meet the public expenditure as a part of important mechanism of fiscal system of a nation. Unlike other prevailing indirect taxes 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 with a input tax credit facility on output tax liability at the national and state level in an uniform modus. In this study an attempt has been made to draw the road map in connection with levy and collection...