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Implementation of Goods and Service Tax (GST) in India and its Control over the Tax Collection

Author

Listed:
  • Pranesh Debnath

    (Assistant Registrar (Finance), Tripura University (A Central University), Suryamaninagar, Pin-799022)

Abstract

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 of GST and its sharing between centre and state. Hence, GST is expected to unite the country economically as it will subsume various forms of taxes that are currently levied at different points subsuming the multiple types of taxes charged at different rate at present.

Suggested Citation

  • Pranesh Debnath, 2016. "Implementation of Goods and Service Tax (GST) in India and its Control over the Tax Collection," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 11(1), pages 28-35, April.
    • Handle: RePEc:jct:journl:v:11:y:2016:i:1:p:28-35
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    File URL: https://www.jctindia.org/index.php/jct/article/view/a16-pd
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    References listed on IDEAS

    as
    1. Onji, Kazuki, 2009. "The response of firms to eligibility thresholds: Evidence from the Japanese value-added tax," Journal of Public Economics, Elsevier, vol. 93(5-6), pages 766-775, June.
    2. Lin, Shuanglin, 2008. "China's value-added tax reform, capital accumulation, and welfare implications," China Economic Review, Elsevier, vol. 19(2), pages 197-214, June.
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    Cited by:

    1. R, Revathi & L. M., Madhushree & Aithal, Sreeramana, 2019. "Review on Global Implications of Goods and Service Tax and its Indian Scenario," MPRA Paper 95152, University Library of Munich, Germany.

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    More about this item

    Keywords

    GST; IGST; SGST; CGST; Indirect Tax Structure.;
    All these keywords.

    JEL classification:

    • A0 - General Economics and Teaching - - General
    • C0 - Mathematical and Quantitative Methods - - General

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