RATIONALE BEHIND ADOPTING GST: PRE AND POST IMPLEMENTATION ANALYSIS

AUTHOR – YASHICA RATHOD, KES J’P LAW COLLEGE, MUMBAI UNIVERSITY

BEST CITATION – YASHICA RATHOD, RATIONALE BEHIND ADOPTING GST: PRE AND POST IMPLEMENTATION ANALYSIS, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (10) OF 2025, PG. 420-428, APIS – 3920 – 0001 & ISSN – 2583-2344

Abstract

Taxation as a concept has existed in the globe for a long time, with historical references tracing back to ancient texts of Kautilya’s Artha Shastra. The system reflects the economic strength of a country as majority of the government’s revenue comes from taxes. India’s tax system after undergoing several revisions, adopted the Goods and Service Tax (GST) model. This research uses comparative analysis to study the rationale behind adopting the GST system in place of VAT. Earlier, various direct and indirect taxes were paid, which led to corruption and increased the burden on taxpayers. GST has helped accelerate the government’s revenue collection. This study intends to examine GST implementation, compliance, and benefits. It addresses challenges associated with tax avoidance and compliance. Secondly, it analyses the shift in tax rates and policies under GST in the real estate sector.

Key Words: GST · VAT · Tax Evasion · Real Estate