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

Impact of gst on common man

PRAKASH M
HEAD DEPARTMENT OF COMMERCE WITH COMPUTER APPLICATIONS DR. NGP ARTS AND SCIENCE COLLEGE, COIMBATORE
SUGANYA S
M. Phil. RESEARCH SCHOLAR DEPARTMENT OF COMMERCE WITH COMPUTER APPLICATIONS DR. NGP ARTS AND SCIENCE COLLEGE, COIMBATORE
Published June 30, 2017
Keywords
  • gst, common man.
How to Cite
M, P., & S, S. (2017). Impact of gst on common man. Journal of Management and Science, 7(2), 321-323. https://doi.org/10.26524/jms.2017.46

Abstract

Goods And Services Tax (gst), hailed as one of the most powerful tax reforms
which india has ever seen, purports to do away with the multiple tax regulations on most of
the goods and services. gst would change the current tax regime of production-based taxation
to a consumption-based system. there is no doubt that the corporates would benefit once the
gst has been rolled out. however, the advantages to the common man are still speculative. we
hope that the end consumer would also reap the benefits of the new tax regime, once the
business houses have transitioned completely to the new tax structure and start to pass on the
benefitsto the average indian. the proposed date for gst implementation is the 1st of july
2017.

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