| _version_ | 1866901506641362944 |
|---|---|
| author | Shivam Verma Neha Pal Zavia Ashraf Quraat Ul Ain |
| author_facet | Shivam Verma Neha Pal Zavia Ashraf Quraat Ul Ain |
| contents | <p><strong><span>Abstract</span></strong></p> <p><span>The introduction of the Goods and Services Tax (GST) in July 2017 marked a historic milestone in India’s tax reform journey. By subsuming a multitude of central and state indirect taxes into a unified tax structure, GST aimed to simplify taxation, eliminate cascading effects, improve compliance, and enhance revenue mobilization. This paper examines tax reforms in India with a special focus on GST and its impact on government revenue. Using secondary data from official sources such as Union Budget documents, Economic Surveys, GST Council reports, and Reserve Bank of India publications, the study analyzes revenue trends in the pre-GST and post-GST periods. The findings suggest that although GST revenue performance was volatile in the initial years due to implementation challenges and external shocks, collections have stabilized and grown steadily in recent years. The paper concludes that GST has strengthened India’s indirect tax framework and improved revenue efficiency, though further reforms are required to realize its full potential.</span></p> <p><span> </span></p> <p><strong><span>Keywords</span></strong><span>: Goods and Services Tax, Tax Reforms, Indirect Taxes, Revenue Mobilization, Fiscal Federalism, India</span></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_18234568 |
| institution | Zenodo |
| language | |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | TAX REFORMS IN INDIA: AN ANALYSIS OF GST AND ITS IMPACT ON REVENUE Shivam Verma Neha Pal Zavia Ashraf Quraat Ul Ain <p><strong><span>Abstract</span></strong></p> <p><span>The introduction of the Goods and Services Tax (GST) in July 2017 marked a historic milestone in India’s tax reform journey. By subsuming a multitude of central and state indirect taxes into a unified tax structure, GST aimed to simplify taxation, eliminate cascading effects, improve compliance, and enhance revenue mobilization. This paper examines tax reforms in India with a special focus on GST and its impact on government revenue. Using secondary data from official sources such as Union Budget documents, Economic Surveys, GST Council reports, and Reserve Bank of India publications, the study analyzes revenue trends in the pre-GST and post-GST periods. The findings suggest that although GST revenue performance was volatile in the initial years due to implementation challenges and external shocks, collections have stabilized and grown steadily in recent years. The paper concludes that GST has strengthened India’s indirect tax framework and improved revenue efficiency, though further reforms are required to realize its full potential.</span></p> <p><span> </span></p> <p><strong><span>Keywords</span></strong><span>: Goods and Services Tax, Tax Reforms, Indirect Taxes, Revenue Mobilization, Fiscal Federalism, India</span></p> |
| title | TAX REFORMS IN INDIA: AN ANALYSIS OF GST AND ITS IMPACT ON REVENUE |
| url | https://doi.org/10.5281/zenodo.18234568 |