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GST and Sustainability: An Analysis of the Goods and Services Tax in Promoting Sustainable Development

In: Proceedings of the Sustainability in Emerging Economies - Integrating Business Excellence in Management Education (SEE-IBEME-2024)

Author

Listed:
  • Rahul Mongia

    (MVN University, Research Scholar
    MVN University, Professor)

  • N. P. Singh

    (MVN University, Research Scholar
    MVN University, Professor)

Abstract

The Goods and Services Tax (GST) is a tax based on the destination principle that is levied in each stage of production and transfers but the final tax is paid by the customer/consumers. It is a tax that applies to whole India including the state of Jammu and Kashmir. Since being implemented in India on July 1, 2017, GST has streamlined the indirect tax system, fostering a unified national market. However, its potential impact on sustainability issues has not been adequately investigated. This study examines the relationship between GST and sustainability, highlighting sustainable economic growth. It also aims to highlight the significance of GST in fostering sustainable corporate practices, resource optimization, and equitable economic development. The research paper also analyses the extent to which the GST structure complies with sustainable development principles, which may enhance the country’s indirect tax income and gross domestic product. In addition, forecasting analysis depicts projected trends in GST revenue and economic growth, offering insights into the future effects of GST on India’s economy.

Suggested Citation

  • Rahul Mongia & N. P. Singh, 2025. "GST and Sustainability: An Analysis of the Goods and Services Tax in Promoting Sustainable Development," Advances in Economics, Business and Management Research, in: Rohit Sindhwani & Jyotsna Bhatnagar & Ritu Srivastava & Neera Jain & Ruchi Agarwal (ed.), Proceedings of the Sustainability in Emerging Economies - Integrating Business Excellence in Management Education (SEE-IBEME-2024), pages 376-385, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-696-3_23
    DOI: 10.2991/978-94-6463-696-3_23
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