UGC Approved Journal no 63975(19)

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Published in:

Volume 9 Issue 9
September-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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JETIR2209371


Registration ID:
502785

Page Number

d587-d597

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Title

A STUDY ON NEW GST AND ITS IMPACT ON SMALL BUSINESS ENTREPRENEURS OF ANDROTH ISLAND, LAKSHADWEEP

Authors

Abstract

GST that is Goods and Service Tax is the latest kind of Indirect Tax which is proposed to be in force from 1st July, 2017 which is already in force on many countries around the world and they all were considering it as their sales Tax system. The GST will be the levied on the manufacture, sale and the consumption of goods and services in India. It is said to be the biggest form of reform in the indirect taxation aspect ever since 1947. The council of the GST will be headed by the Union Finance Minister that is currently Arun Jaitley. The main purpose of GST is to bring about the single tax system for the manufacture and the sale of goods at the both central and the state level in the country. The GST is mainly implemented to remove all other taxes like VAT (Value-Added Tax), Excise duty and Sales Tax. The Tax will be very much useful for the consumers in the aspects of payment of Taxes that is, we all have to pay separate tax at state level and at central level for the goods and services purchased and after the GST there will be only one tax to be paid for the goods and services consumed which is the Goods and Services Tax (GST). This paper brings out about the overview of the concepts of GST and its impact and implications on the various small Business Entrepreneurs in the island economy. Through this paper we can be in a position to understand about the concepts, objectives, impact and the implications of the Goods and Service Tax in India.

Key Words

A STUDY ON NEW GST AND ITS IMPACT ON SMALL BUSINESS ENTREPRENEURS OF ANDROTH ISLAND, LAKSHADWEEP

Cite This Article

" A STUDY ON NEW GST AND ITS IMPACT ON SMALL BUSINESS ENTREPRENEURS OF ANDROTH ISLAND, LAKSHADWEEP", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 9, page no.d587-d597, September-2022, Available :http://www.jetir.org/papers/JETIR2209371.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

" A STUDY ON NEW GST AND ITS IMPACT ON SMALL BUSINESS ENTREPRENEURS OF ANDROTH ISLAND, LAKSHADWEEP", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 9, page no. ppd587-d597, September-2022, Available at : http://www.jetir.org/papers/JETIR2209371.pdf

Publication Details

Published Paper ID: JETIR2209371
Registration ID: 502785
Published In: Volume 9 | Issue 9 | Year September-2022
DOI (Digital Object Identifier):
Page No: d587-d597
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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