Study of Role of Goods and Service Tax (GST) in Revenue Generation in India
Keywords:
Goods, Service, Tax, RevenueAbstract
Taxes are seen as an essential consideration when making a choice. Investors have a significant influence in determining investment options. Decisions about production and investment are heavily influenced by it. They have a significant influence in shaping a household's savings and purchasing decisions. Economic development is also heavily influenced by taxes and the taxation system. For example, a country's tax collecting structure has an impact on GDP components such as usage consumption as well as speculation and government spending. Trade and imports are also influenced. Income through indirect taxes is one of the ways the government raises funds. It was a crucial factor in determining the direction of financial growth. G&S tax is one of India's most significant roundabout fee changes. July 1, 2017 was the day it was first shown in India. Numerous studies conducted before to the implementation of GST have shown that charges for goods and services would help the country's financial growth. It has been about two years since the implementation of GST. This research examines whether or not there is a connection between the cost of goods and services and financial growth.
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