Economics, Econometrics and Finance
3 years ago

GST Implementation Boosts Indian Economy, Eliminates Tax on Tax

2 views
International Journal of Engineering and Management Research
Goods and Services Tax: Benefits and its Impact on Indian Economy
Jamil Ahmad

Paper Summary

The Goods and Services Tax (GST) in India, introduced in 2017, aims to simplify the tax system by replacing multiple indirect taxes with a single tax on goods and services. This new tax is designed to reduce the cascading effect of taxes and boost the economy by eliminating various other taxes. The GST is expected to benefit the economy in the long run by promoting growth and efficiency.

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