Vol. 7 No. 2 (2017): Vol 7, Iss 2, Year 2017
Articles

Impact of goods and service tax (gst)

Nithiya K
Department of Commerce, Subramaniam Arts and Science College, Mohanur, Namakkal, Tamilnadu.
Published June 30, 2017
Keywords
  • Goods and service Tax, Integrated Goods and Service Tax, Impact, custom, excise and subsidy
How to Cite
K, N. (2017). Impact of goods and service tax (gst). Journal of Management and Science, 7(2), 312-316. https://doi.org/10.26524/jms.2017.44

Abstract

A tax is not a voluntary payment or donation, but an enforced contribution imposed
by government under the names of toll duty, custom, excise, subsidy or other name. The Goods and
Service Tax (GST) which was introduced from July 2017 by the Government of India is a value
added tax, which is the only indirect tax that directly affects all sectors and sections of our economy.
In this paper I have dealt in detail the impacts of GST, though its various objectives and
features in strengthening the Indian economy. Further the impact of Integrated Goods and Service
Tax (IGST),have been discussed at length in benefitting the individuals, importers, exporters and
organization.

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