GST implementation shifts tax burden from manufacturers to consumers, impacting economy.
The Goods and Service Tax (GST) is a single tax system in India that combines various taxes into one. It was introduced in 2017 to simplify the tax structure. The tax rates range from 0% to 28%. GST is an indirect tax, meaning the burden is passed on to consumers. This reduces the risk of tax evasion compared to direct taxes. The study analyzed the impact of GST on the tax system using data from 50 questionnaires.
