407 Study of Factors Influencing Growth and Trends in Tax Revenue in India

Abstract

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. A look at the GST and GDP of India during the last two years is used to examine this link. When everything is said and done, the study has come to a major conclusion that explains the extent to which GST has impacted Indian financial progress.