A Research Paper on an Impact of Goods and Service Tax (GST) on Indian Economy
Director, GLS (J.P.Shah) Institute of Business Administration, GLS University, India
- *Corresponding Author:
- Shefali Dani
GLS (J.P.Shah) Institute of Business Administration
GLS University, India
E-mail: [email protected]
Received Date: February 16, 2016; Accepted Date: November 14, 2016; Published Date: November 20, 2016
Citation: Dani S (2016) A Research Paper on an Impact of Goods and Service Tax (GST) on Indian Economy. Bus Eco J 7: 264. doi: 10.4172/2151-6219.1000264
Copyright: © 2016 Dani S. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
GST also known as the 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 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. However, there is a huge hue and cry against its implementation. It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country.