Paper Title
GST- A GAME CHANGER THE TEXTILE SECTOR IN INDIA
Article Identifiers
Authors
Dr. Surender Partap Chitra
Keywords
Goods and Services Tax (GST), Textile Sector, Gross Domestic Product (GDP), Cascading.
Abstract
Abstract: Goods and Service tax (GST) constitutes the last mile of long journey of reforms of indirect tax in India. GST replaced a large number of state and centre taxes. Taxation in textile sector in opaque and non-neutral across its various segments. The textile sector contributes 4% to the country’s GDP and 14% to industrial production. The GST also has a significant impact on the textile sector. This is the biggest reform proposed in tax regime of our country after independence. GST has changed the approach of payment of taxes in the textile sector. This study examine the implications of GST for the Indian textile industry adopting qualitative approach. It also highlights how Indian textile industry is preparing for transition to GST. Efficient formulation of GST will lead to resources and revenue gain for government majorly through widening of tax base and improvement in tax compliance.
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How To Cite (APA)
Dr. Surender Partap Chitra (October-2023). GST- A GAME CHANGER THE TEXTILE SECTOR IN INDIA. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(10), b618-b622. https://ijnrd.org/papers/IJNRD2310169.pdf
Issue
Volume 8 Issue 10, October-2023
Pages : b618-b622
Other Publication Details
Paper Reg. ID: IJNRD_205858
Published Paper Id: IJNRD2310169
Downloads: 000122001
Research Area: Management
Country: SONIPAT, Haryana , India
Published Paper PDF: https://ijnrd.org/papers/IJNRD2310169.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310169
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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition
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