Goods and Services Tax: An Introductory Study of its Impact on the Indian Economy

16 Pages Posted: 19 May 2013

See all articles by Akshay Shandilya

Akshay Shandilya

Hidayatullah National Law University

Date Written: March 11, 2013

Abstract

In this article the author examines, in brief, the existing tax system in India but gradually shifts to explaining Goods and Services Tax, which is to be inducted in the Indian system soon. Though the Parliament, Government appointed Task Force and Empowered Committees have decided in favour of GST induction several public policy think tanks, despite their inclination towards the new tax, have cited roadblocks which the authorities may encounter. With many federal states opposing the conditions mentioned in the 115th Constitution Amendment Bill which seeks to implement the Goods and Services tax, it still remains a distant dream. This article studies the impact of GST in the Indian framework and by what standards would it ameliorate the nation’s high fiscal deficit once it is put into operation.

Keywords: Tax, Goods and Services Tax, GST, VAT, India, Economy, Revenue, Growth

Suggested Citation

Shandilya, Akshay, Goods and Services Tax: An Introductory Study of its Impact on the Indian Economy (March 11, 2013). Available at SSRN: https://ssrn.com/abstract=2266722 or http://dx.doi.org/10.2139/ssrn.2266722

Akshay Shandilya (Contact Author)

Hidayatullah National Law University ( email )

Post Uperwara
Tehsil Abhanpur
New Raipur, Chattisgarh 493661
India
+918817460353 (Phone)

HOME PAGE: http://hnlu.ac.in

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
659
Abstract Views
2,175
rank
45,347
PlumX Metrics