Comprehensive Analysis of Pre-GST and Post-GS...

Comprehensive Analysis of Pre-GST and Post-GST Revenue

Author Name : Dr. Rameshwar Gupta, Dr. Priya Jain

ABSTRACTS

After a long struggle and protracted negotiations,the Goods and Services Tax (GST) was implemented in India from 1^stJuly 2017, proved as a major change in the Indian tax system. The earlier indirect tax system included 17 types of taxes such as central excise, VAT, sales tax, service tax etc. The main objectives of implementing GST is to bring all these taxes under one umbrellaso that tax collection and taxation can be simplified and facilitated. According to various scholars and economists of the country this taxation system will bring more transparency and prove to be a panacea to curb the growing tax evasion and corruption in the country. In this context, this paper focus on a comparative study of the tax regime, before and afterimplementation of GST. This research paper also attempts to assess that what changes have been occurred in the tax revenue under the new system of taxation.

Keyword - Goods and Services Tax GST, Pre-GST, Post GST, Indirect Taxes, Tax Reforms, Tax Revenue, Indian Economy.