Abstract

India is facing multiple problems regarding taxation as tax evasion, black marketing, high price charge and corruption. Meanwhile indirect taxes paid by the producing firms are collected on level may be or may not be timely and honestly deposited to the department. There is a big issue of multiple tax system and the complex procedure. To get rid of these problems, a uniform tax system named as Goods and Service Tax (GST) was introduced. The current article is proposed to measure the effectiveness of GST as well as tries to analysis the effect of GST on Indian economic system especially in inflation rate and on foreign trade. Some suggestions are also proposed for make more effective system in India.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.