Guidelines Upcoming Special Issues. The government of India should study the GST regime set up by various countries and also their fallouts before implementing it. writing thesis paper jpg Such initiative is likely to push inflation. Again there appears to be lack of consensus over fixing the revenue rate as well as threshold limit. The impact going to make by GST will be a transformation in the entire tax system in India.
It has made the entire structure of GST fairly complicated in India. On bringing GST into practice, there would be amalgamation of Central and State taxes into a single tax payment. cheap custom writing no minimum It is said that GST would impact negatively on the real estate market. In modern times, communication has assumed the dimension of telecommunication.
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The proposed GST regime intends to keep petroleum products, electricity, real estate and liquor for human consumption out of the purview of GST. Goods and service tax ; Indian economy. The government of India should study the GST regime set up by various countries and also their fallouts before implementing it.
Select your language of interest to view the total content in your interested language. Int J Recent Sci Res. It would also enhance the position of India in both, domestic as well as international market. No doubt, GST will simplify existing indirect tax system and will help to remove inefficiencies created by the existing current heterogeneous taxation system only if there is a clear consensus over issues of threshold limit, revenue rate, and inclusion of petroleum products, electricity, liquor and real estate.
Home Publications Conferences Register Contact. If electricity is included under standard or luxury goods in future then it would badly affect the development of India. Research Article Open Access. Guidelines Upcoming Special Issues. The states are likely to lose the say in determining rates once GST is implemented.
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Again, there appears to be no clarity as to whether a product should be considered a service or a product under the concept of E-commerce. The centre will have to coordinate with 29 states and 7 union territories to implement such tax regime. quality custom essay rhetoric Cite - Citing is one of the effective ways to avoid plagiarism.
At the same time, the government should make an attempt to insulate the vast poor population of India against the likely inflation due to implementation of GST. Communication is considered to be necessity and one cannot do without communication. hire freelance writing dubai It would be interesting to understand why this proposed GST regime may hamper the growth and development of the country. Int J Recent Sci Res. It is a well-known fact that petroleum products have been a major contributor to inflation in India.
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Research Article Open Access. Again there appears to be lack of consensus over fixing the revenue rate as well as threshold limit. More than countries have implemented GST so far.
However, there is a huge hue and cry against its implementation. If electricity is included under standard or luxury goods in future then it would badly affect the development of India. Select your language of interest to view the total content in your interested language. It would also enhance the position of India in both, domestic as well as international market.