Pawan Kumar, Dilip Kumar
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Mr. Pawan Kumar1, Dr. Dilip Kumar2
1Research Scholar, Faculty of Management Studies, ICFAI University, Jharkhand.
2Assistant Professor, Faculty of Management Studies, ICFAI University, Jharkhand.
Volume - 11,
Issue - 4,
Year - 2020
Taxation system is as old as the human civilisation. This has evolved over the ages and Chanakya’s Arthashastra is the famous treatise on the subject of the ancient times. However, with the regular evolution of the economic activities combined with adoption of different forms of administration the taxation systems were bound to change. The further evolution came with the scientific discoveries, expansion of economic activities, growth of population, improvisation of production systems among others. The present paper aspires to look into the acceptance and success of the GST system. It tries to look into the different factors which are bound to judge the effects that try to mould the overall GST implementation mechanisms. For the said purpose, firstly an analysis of existing taxation system has been undertaken in brief and thereafter literature survey has been attempted to know the experiences of researchers and scholars from other parts of the world. It is apparent through this exercise that while at one side, GST serves the economic uniformity in the economy, this noble purpose takes time and lot of evolution and experience through implementation process is required. Major conclusions have been enumerated as the need of the consumers ‘awareness, and need of managerial expertise and experience for successful implementation of the GST system. It has also been pointed out that the effect of GST may differ for different sectors in the same economy in different degrees.
Cite this article:
Pawan Kumar, Dilip Kumar. Comprehensive Literature Review on Goods and Services Tax. Asian Journal of Management. 2020;11(4):535-538. doi: 10.5958/2321-5763.2020.00079.7
Pawan Kumar, Dilip Kumar. Comprehensive Literature Review on Goods and Services Tax. Asian Journal of Management. 2020;11(4):535-538. doi: 10.5958/2321-5763.2020.00079.7 Available on: https://ajmjournal.com/AbstractView.aspx?PID=2020-11-4-24
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