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Publication Number

2407011

 

Page Numbers

1-5

Paper Details

THE ECONOMICAL IMPACT OF THE GOODS AND SERVICE TAX ON INDIAN ECONOMY

Authors

PRIYA SHARMA, DR. ANITA MODI

Abstract

In the changing of profitable script globalization, liberalization and privatization, policy of the Government, in the recent time have made an ineligible impact by bringing into actuality of new profitable and circular duty system in the country. In the opening of domestic husbandry to World-wide stake holders has led to a number of chances of occasion to share country along with the trouble of being exploited by the counter corridor. So, in the race of husbandry to snare fiscal benefits to the maximum possibility to the extent of fulfill the asked conditions. At what extent we’re suitable to exploit the profitable and fiscal benefits depends upon the extent, are suitable to produce an environmental unanimous for similar deeds or conditioning. The globe system of taxation has attained the position of the being system of taxation, which are convertible to make it suitable or respectable, effective and effective. The trip of restructuring the duty system has been going to make it more and more meaningful when invention and developments in the information and communication ways have made the duty system more effective, objective, private and transparent. The invention and developments ways used in the contemporary model of business, globalization and liberalization policy espoused by the globe to emergence of MSME’s as supereminent player and successful to increase the transnational trade have contributed in making the duty system, a complex bone . It's a imperative for every country to dissect the contemporary situation and determine and read the prospects of the globe profitable terrain, to ascertain the demands to be fulfilled and frame the necessary programs to meet out the demands of the globalize countries and suitable oneself to exploit the chances to attain profitable growth and thereby achieve all development of the country. The present study covers and focuses on Goods and Services Tax Laws (GST) in India. The area of study is specific which dissect the being circular duty laws and their impact on Indian profitable sector.

Keywords

Taxation, Economy, Globalization, Policy, Development, Country, Liberalization, transparent.

 

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Citation

THE ECONOMICAL IMPACT OF THE GOODS AND SERVICE TAX ON INDIAN ECONOMY. PRIYA SHARMA, DR. ANITA MODI. 2024. IJIRCT, Volume 10, Issue 4. Pages 1-5. https://www.ijirct.org/viewPaper.php?paperId=2407011

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