HIGHS AND LOWS OF GST: WITH SPECIAL REFERENCE TO AUTOMOBILE INDUSTRY
Bhavana Srivastava
, Dr. Himanshu Srivastava
GST, Automobile Industry, Input Tax Credit.
Goods and Services Tax is a singular tax mechanism based on the core concept of ‘one nation one tax’.
Guarded by innumerable legislative, political and technical hurdles, the giant tax structure came into effect on 1st July 2017. Initially, this indirect single tax mechanism was opposed and criticised by a major sections of the country but with the passage of time and continuous adjustment made both by the Government as well as the general public, the concept has gained its acceptance. GST has made its own path of preference and acceptance due to the benefits offered by it to most of the major players of the Indian Economy. Keeping that factor in mind, I have highlighted the benefits gained and challenges faced by the Automobile Industry after the implementation of GST. This paper will focus on the brief introduction of the Goods and Services Tax, Indian Automobile Industry and will present the merits and demerits of GST with respect to Automobile Industry in India.
"HIGHS AND LOWS OF GST: WITH SPECIAL REFERENCE TO AUTOMOBILE INDUSTRY", IJEDR - INTERNATIONAL JOURNAL OF ENGINEERING DEVELOPMENT AND RESEARCH (www.IJEDR.org), ISSN:2321-9939, Vol.11, Issue 2, page no.16-18, April 2023, Available :https://rjwave.org/IJEDR/papers/IJEDR2302003.pdf
Volume 11
Issue 2,
March-2023
Pages : 16-18
Paper Reg. ID: IJEDR_230059
Published Paper Id: IJEDR2302003
Research Area: Commerce
Country: Allahabad, Uttar Pradesh, India
ISSN: 2321-9939 | IMPACT FACTOR: 9.37 Calculated By Google Scholar | ESTD YEAR: 2013
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.37 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJEDR (IJ Publication) Janvi Wave
