GST Impact on Construction and Service Sectors
Kavitha Julakanti
, CH.Shiva Priya
GST, Indirect Tax, supply chain, intrastate transactions, finance portfolio, inter-state supply, value chain of operations, namely procurement, manufacturing, distribution, warehousing, sales and pricing.
The Goods and Service tax (GST) is the biggest and substantial indirect tax reform. The main purpose of GST is to replace existing taxes like value added tax, excise duty, service tax and sales tax. GST is known to be a game changer for the Indian economy. The objective of the study is to analyze the impact of Goods and Service tax after its implementation in various sectors and know the overall impact on Indian economy. Secondary data is collected from official websites of Government and taxation articles. From this research it is clear that GST reduce the tax burden of the tax payers. In construction sector all the items tax rates have decreased than before, but in-service sector there is neutral impact.
"GST Impact on Construction and Service Sectors", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 2, page no.58 - 63, February-2021, Available :https://ijsdr.org/papers/IJSDR2102008.pdf
Volume 6
Issue 2,
February-2021
Pages : 58 - 63
Paper Reg. ID: IJSDR_192873
Published Paper Id: IJSDR2102008
Downloads: 000347522
Research Area: Management
Country: Yadadri Bhongir, Telangana, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
