UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 6
June-2018
eISSN: 2349-5162

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

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Published Paper ID:
JETIRC006005


Registration ID:
183509

Page Number

26-32

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Title

Implementation of GST in India: Challenges Faced, And a Comparative Study With Respect To Other Nations

Abstract

Goods and Services Tax (GST) was one of the most awaited and much needed economic reform in India. It was aimed at uniting all indirect taxes under one umbrella. This meant better and easier compliance, better economic growth and zero cascading effect, among other advantages. The GST council was formed by the Ministry of Finance to implement the GST regime. After a long wait, GST was finally rolled out on 1st July, 2017. Soon after the implementation, it was realized that the execution of this reform was a far bigger challenge than anticipated. A lot of concerns came into picture over time, such as - Rates for different categories, tax return filing process, Reverse Charge Mechanism, TDS, etc. The GST council met over 5 times after the implementation to keep on suggesting changes and to resolve existing concerns. Even now, many more concerns are coming to light. This study aims to understand the challenges faced, and changes done during the course of implementation of GST in India. Furthermore, to understand if the challenges faced; were similar to challenges faced by other nations, which have implemented GST in the recent past. Finally, to draw a conclusion as to what challenges maybe expected while implementing such an economic reform. This paper accounts for changes in the GST Act only up to the 10th of December, 2017. The final report comprises the introduction, literature review, an overview of the study and progress of the study so far.

Key Words

Implementation of GST in India: Challenges Faced, And a Comparative Study With Respect To Other Nations

Cite This Article

"Implementation of GST in India: Challenges Faced, And a Comparative Study With Respect To Other Nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 6, page no.26-32, June-2018, Available :http://www.jetir.org/papers/JETIRC006005.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

"Implementation of GST in India: Challenges Faced, And a Comparative Study With Respect To Other Nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 6, page no. pp26-32, June-2018, Available at : http://www.jetir.org/papers/JETIRC006005.pdf

Publication Details

Published Paper ID: JETIRC006005
Registration ID: 183509
Published In: Volume 5 | Issue 6 | Year June-2018
DOI (Digital Object Identifier):
Page No: 26-32
Country: -, -, -- .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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