Benefits of Goods and Services Tax implementation in India: An analytical hierarchy process approach

Maheshwari, Taru; Mani, Mukta

doi:10.1002/pa.2578

Cited by 3 publications

(1 citation statement)

References 28 publications

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“…The researcher found that tax knowledge, tax morale and tax compliance as some of the key factors influencing consumer perception towards GST and concluded that government should take efforts to eliminate lack of clarity on GST among consumers. (Maheshwari & Mani, 2019) analysed the awareness among consumers about GST implemented in India. For this purpose, they analysed 200 respondents' opinion on GST in Delhi and found that increasing the publicity of goods and services tax will increase its level of awareness among consumers.…”

Section: Gst and Consumermentioning

confidence: 99%

Impact Of Goods And Services Tax On Fmcg Sector

Ramkumar¹

2021

TURCOMAT

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Purpose: The Purpose of this study is to examine the functional relationship between goods and services tax and purchasing power of fast moving consumer goods consumers. The other purposes of the study is to examine the impact of goods and services tax on this sector and subsequent implications for industry stakeholders. Methodology: The data required for this study is collected through both primary and secondary sources. This research is quantitative in nature and IBM SPSS25 version software is used for data processing and analysis. Findings: The study identifies a significant and positive relationship between goods and services tax and purchasing power of consumers. The opposite kind of relationship exist between various performance parameters of FMCG sector. Implications: The results of the study clearly has created a significant impact on the purchasing power of the consumers and the study suggests marginal cost pricing for FMCG products so that the burden of indirect tax is minimized. Originality: This study is unique because it brings together both industry and consumer perspectives of goods and services tax and its implication for industry stakeholders.

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Section: Gst and Consumermentioning

confidence: 99%

Impact Of Goods And Services Tax On Fmcg Sector

Ramkumar¹

2021

TURCOMAT

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Perceptions of the textile industry stakeholders on a multi-slab goods and services tax system in India

Pandey,

Saxena,

Paliwal

2023

RJTA

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Purpose The purpose of this paper is to present the perception of the textile industry stakeholders (manufacturers, wholesalers, retailers, consumers and tax professionals) on India’s new goods and services tax (GST) system and find whether the introduction of GST has made doing business easier or not. Design/methodology/approach The researchers used interviews and surveys to capture the perceptions of the textile industry stakeholders at Surat, a major textile hub in India. To econometrically verify the perceptions, the researchers used a logit regression model. Findings The researchers found that the provision of monthly tax filing has increased textile businesses’ dependency on tax professionals, which increased business costs. Also, the GST system has made tax compliance easier and is user-friendly. However, tax refund-related issues are a significant factor that negatively impacts the ease of doing business post-GST. Research limitations/implications The findings of the research shall be helpful for the GST Council of India and policymakers to understand the problems faced by the textile businesses and cater to their problems. Originality/value To the best of the authors’ knowledge, this study is original as none of the available studies captures the perception of all the textile industry stakeholders, namely, manufacturers, wholesalers, retailers, consumers and tax professionals, on the GST system applying econometric techniques to validate the perceptions.

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Implication of Goods and Services Tax (GST) Implementation in India on Foreign Trade

Singhal¹,

Goyal²,

Kumari

et al. 2022

jour

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The aim of this research is to assess the impact of GST on India’s foreign trade. The GST Bill is implemented to simplify India’s complex tax system, allow commodities to move effortlessly across state borders, reduce tax evasion, enhance compliance, raise revenues, encourage growth, boost exports, and attract investors by making it easier to conduct business in India. The author uses the following methods of scientific research: Augmented Dickey-Fuller (ADF) for unit root tests, the Johansen-Juselius (JJ) for co-integration analysis and the Vector Error Correction (VECM) Model for short run and long run impact of GST on imports and exports from July 2017 to June 2021. The findings concluded that GST increases the exports of goods and services in both the long and short run. The VECM model’s test statistics reveal that imports rose after the imposition of GST. Because of the emergence of a uniform national market and tax system, GST has simplified commercial operations in India. Future studies on the effects of the GST introduction can examine the impact of GST on foreign trade by state or commodities.

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Benefits of Goods and Services Tax implementation in India: An analytical hierarchy process approach

Cited by 3 publications

References 28 publications

Impact Of Goods And Services Tax On Fmcg Sector

Impact Of Goods And Services Tax On Fmcg Sector

Perceptions of the textile industry stakeholders on a multi-slab goods and services tax system in India

Implication of Goods and Services Tax (GST) Implementation in India on Foreign Trade

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