HuSS: International Journal of Research in Humanities and Social Sciences

L. Nandagopal ¹, V. Santhi ², B. Laxmidhar ³

Affiliations
1 PSG College of Technology, Coimbatore, Tamil Nadu, IN
2 Department of Humanities, PSG College of Technology, Coimbatore, Tamil Nadu, IN
3 Business Management, University of Hull, GB

Abstract

Manufacturing and service sector play a pivotal role in shaping the overall economic growth of a country. Goods and Services Tax will test the technological readiness of the GST network, which will be used by almost 10 million entities, including those who are currently paying service tax, value added tax and central excise. These entities have multiple users and agents operating on their behalf, so that the network has a high USER base. It is estimated that about 3 billion invoices are uploaded on GSTN every month. This reviewed article on GST makes an attempt to capture its impact during first four months (1^st July to 31st October, 2017) on different manufacturers and service providers, the consumers and the government since its implementation on 1^st July, 2017.

Keywords

Goods and Services Tax, Indirect Tax, Service tax, Tax Deducted at Source (TDS), Tax Collection at Source (TCS), Value Added Tax.

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