Goods and Service Tax (GST) Impact of E-Commerce in Indian Economy

  • Mrs. Priya Anand Sri Sankara College, Kalady Ernakulam, Cochin, India
  • Dr. T M Bhraguram Shinas College of Technology
Keywords: GST, Economy, Goods, Service Tax, Indian economy

Abstract

Web based business significantly affects business expenses and efficiency. Web based business has an opportunity to be generally received because of its straightforward applications. In this manner it has a substantial financial effect. It gives the open door for "limit crossing" as new participants, plans of action, and changes in innovation disintegrate the hindrances that used to separate one industry from another. This increments rivalry and development, which are probably going to lift general monetary productivity. GST otherwise called the Goods and Services Tax is characterized as the goliath roundabout expense structure intended to support and upgrade the monetary development of a nation. More than 150 nations have actualized GST up until this point. Nonetheless, the possibility of GST in India was mooted by Vajpayee government in 2000 and the protected alteration for the same was gone by the Loksabha on sixth May 2015 however is yet to be confirmed by the Rajyasabha. Be that as it may, there is a gigantic shout against its usage. It is fascinating to comprehend why this proposed GST administration may hamper the development and improvement of the nation.

Author Biographies

Mrs. Priya Anand, Sri Sankara College, Kalady Ernakulam, Cochin, India

Lecturer

Department of Commerce

Dr. T M Bhraguram, Shinas College of Technology

Assistant Professor

Department of IT

Published
2017-05-31
How to Cite
Anand, M., & Bhraguram, D. (2017, May 31). Goods and Service Tax (GST) Impact of E-Commerce in Indian Economy. EPH - International Journal of Business & Management Science (ISSN: 2208-2190), 3(5), 09-20. Retrieved from https://ephjournal.com/index.php/bms/article/view/120