EMERGING ISSUES AND CORRECTIVE MEASURES FOR GST IN INDIA

Abstract

The goods and services (GST) was implemented in July 2017. The government of India followed the Credo of “One Nation and One tax".It is an indirect comprehensive tax charged at a prescribed rate. The introduction of GST has been a transformative reform which aimed to create a unified tax structure, fostering economic growth, and simplifying the Indian complex tax system. While GST has significantly streamlined tax processes , it has also brought a series of emerging issues, which threaten its smooth implementation and efficiency.This research paper examines the key steps that are required to address and resolve these emerging issues, with a particular focus on the most pressing concerns that have surfaced in these past few years . By analyzing the root causes of these issues and suggesting practical solutions that have been proposed or implemented, this study aims to provide a comprehensive framework for overcoming current GST challenges.This paper will also explore how collaboration between the government, businesses, and tax professionals can facilitate a smoother GST experience for all stakeholders, ensuring greater compliance, reduced friction in the tax system, and a stronger foundation for India's economic future.