The Impact of GST on Indian Industry in the V...

The Impact of GST on Indian Industry in the View of Entrepreneurs: An Empirical Approach

Author Name : Arun Kumar.M, Latha.K, Sreeja Kumar

ABSTRACT

The introduction of the Goods and Service Tax (GST) was the igniting spark for the growth of India's economy by shifting the already prevalent forms of indirect taxation to the unregulated flow of different goods and services that were, without a doubt, very much needed. The cascading impact of taxes has been eradicated, rendering the accumulated figure a massive one for the Indian public. Our country has provided hope to ambitious growth objectives in the worldwide economic crisis, backed by strategic undertakings such as the Make in India and Digital India campaigns. Another such undertaking is the Goods and Services Tax (GST), which has supplied the much-needed amount. A stimulant for Indian economic development. The goal of this paper is emphasize the effects of GST on GST India's Technology Sector and how it affects the development of the economy of India. Being a Descriptive Research Review Plan, which is focused on secondary Data of GST, papers, Magazines and newspapers. Considering the goals of the descriptive style research design of the research study is adopted to have more precision and thorough research analysis. Primary GST data were collected primarily through direct administration of the questionnaire in order to identify the ranking. The study uses secondary GST to support and substantiate primary data and also to form a strong theoretical base. There was a need for a strong and systemic tax in the age of globalisation. Structure of competition at the international level for India. It is not just the GST that will carry the Transparency, but it will also enable ease-of-doing. Previously, each state used to have its own Tax rates were levied, which were complex and increased the price of the goods by cascading Effect that obstructs the international direct investment