Impact of GST on Karnataka State Economy: will be a boon or bane?
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 3
Abstract
We all know that India has been one nation with multiple taxes. All this will come to an end with the country becoming a clutter free highway for transparent, simple, efficient, one nation indirect tax system. The GST will replace all indirect taxes levied on goods and services by both central and state governments. The basic idea of GST is to create a single cooperative and undivided market to make our economy stronger and powerful. Hence, it will be one of the biggest taxation reforms after India’s independence. Present paper emphasized on some critical observations with respect to center-state relations for sharing the tax revenue, tax impact on manufacturers and ultimate consumers, impact on financial federalism of our country, and impact on vibrant automobile, agro, aerospace, textile & garment, biotech and heavy engineering industries states like Karnataka.
Authors and Affiliations
Dr. Raghavendra R. H, Shakunthala H
Keywords
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- EP ID EP410149
- DOI 10.9790/487X-2003126773.
- Views 83
- Downloads 0
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