Awareness and Impacts of Goods and Services Tax on Indian Economy

Author(s)	Saurabh Sahu
Country	India
Abstract	The Goods and Services Tax (GST) is a big change in how taxes work in India. Instead of having lots of different taxes, GST puts them all together under one single tax rate for goods and services. It started on July 1st, 2017. This new system makes things easier because it charges the same tax rate each time something is made or sold. Before GST, dealing with taxes in India was quite complicated for businesses. But now, with GST, things are clearer and more straightforward. This paper talks about what GST is, how it was put into place, and what effects it has had on the Indian economy.
Keywords	Goods and Services Tax (GST), Indian economy, Differential tax rate
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-05-26
Cite This	Awareness and Impacts of Goods and Services Tax on Indian Economy - Saurabh Sahu - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.21350
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.21350
Short DOI	https://doi.org/gtwmm8

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