GST: A Catalyst or Constraint for Indian Economic Growth?
DOI:
https://doi.org/10.31305/rrijm.2024.v09.n07.025Keywords:
Goods and service tax, Indian EconomyAbstract
Goods and Services Tax (GST) is a comprehensive indirect tax system designed to streamline taxation and boost economic growth. Over 150 nations have successfully implemented GST. In India, the concept was introduced in 2000 by the Vajpayee government. While the Lok Sabha approved the constitutional amendment for GST in 2015, its implementation has been met with significant opposition. This paper aims to explore the potential negative impacts of GST on the Indian economy and analyze the reasons behind the widespread resistance to its adoption.
References
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This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).
