A STUDY OF IMPACT AND CHALLENGES OF GST ON MUZAFFARPUR REGION
MADHU SUDAN
, DR. AKANSHA
GST, Indirect Tax, Tax Reform
Abstract: Indian economy is the witness for accelerating the growth in very short span of time. Tax in form of direct and indirect is the major source of income to the government. Chairman of 13th Finance Commission Dr, Vijay Kelkar, has suggested to have a rational, scientific and modern taxation system in tune with developed nations form the base behind the introduction of Goods and Service Tax (GST) in India. Tax structure which facilitates easy of doing business and having no chance for tax evasion brings prosperity to a country’s economy. The Good and Services tax (GST) is the principal and extensive indirect tax reform since 1947. Replacement of existing taxes like value-added tax, Excise duty, service tax and Sales tax is the main idea of GST. It will be imposed on manufacture sale and consumption of goods and services. GST is expected to effect of the existing tax structure and result in uniting the country economically. This paper has highlighted on the background, objectives of the proposed GST and the impact of HST in different area in Muzaffarpur Region. The Paper further focused on various benefits and opportunities of GST, Finally, the paper examined and draws out a certain conclusion.
"A STUDY OF IMPACT AND CHALLENGES OF GST ON MUZAFFARPUR REGION", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.7, Issue 12, page no.899 - 901, December-2022, Available :https://ijsdr.org/papers/IJSDR2212140.pdf
Volume 7
Issue 12,
December-2022
Pages : 899 - 901
Paper Reg. ID: IJSDR_203178
Published Paper Id: IJSDR2212140
Downloads: 000347292
Research Area: Commerce
Country: MUZAFFARPUR, BIHAR, 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
