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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Banking sector in india - A more focused area after GST |
| Authors Name: | DR. C. Thirumal Azhagan , A. Kanmani |
| Unique Id: | IJSDR1903019 |
| Published In: | Volume 4 Issue 3, March-2019 |
| Abstract: | The introduction of goods and service tax is one of the most important tax regime in India. It is expected that financial sector will have major impact of GST than the other sectors. Among the services provided by the banks, insurance, and financial services such as fund based, fees based, insurance services facing new issue in current tax system. Banking sector get impacted significantly. Separate registration in each state, operational reconstruction, identifying inter-state transaction, reconciliation of state wise branches, filling of returns on monthly basis are some issues faced by the banking sector. The main aim of this study is to reduce the cascading effect of taxes imposed on goods and services in our economy. The purpose of this study is to establish benefits and issues faced by the banking sector and its effects on the customer after the implementation of GST. |
| Keywords: | Banking , Impact, cascading effect, GST |
| Cite Article: | "Banking sector in india - A more focused area after GST", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.4, Issue 3, page no.97 - 99, March-2019, Available :http://www.ijsdr.org/papers/IJSDR1903019.pdf |
| Downloads: | 000337070 |
| Publication Details: | Published Paper ID: IJSDR1903019 Registration ID:190157 Published In: Volume 4 Issue 3, March-2019 DOI (Digital Object Identifier): Page No: 97 - 99 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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