Year: 2025
Type: article
Abstract: The goods and services (GST) was implemented in July 2017. The government of India followed the Credo of “One Nation and One tax".It is an indirect comprehensive tax charged at a prescribed rate. The introduction of GST has been a transformative reform which aimed to create a unified tax structure, fostering economic growth, and simplifying the Indian complex tax system. While GST has significantly streamlined tax processes , it has also brought a series of emerging issues, which threaten its smooth implementation and efficiency.This research paper examines the key steps that are required to address and resolve these emerging issues, with a particular focus on the most pressing concerns that have surfaced in these past few years . By analyzing the root causes of these issues and suggesting practical solutions that have been proposed or implemented, this study aims to provide a comprehensive framework for overcoming current GST challenges.This paper will also explore how collaboration between the government, businesses, and tax professionals can facilitate a smoother GST experience for all stakeholders, ensuring greater compliance, reduced friction in the tax system, and a stronger foundation for India's economic future.
Source: Universal Research Reports
Author: Ditya Jindal
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410144249