“AN IMPACT OF GST ON GENERAL PUBLIC”

AUTHORS – K.ARUN KUMAR* & M.NIRMALA**

* LL.B STUDENT AT GOVERNMENT LAW COLLEGE TRICHY

** ASSISTANT PROFESSOR AT GOVERNMENT LAW COLLEGE TRICHY

BEST CITATION – K.ARUN KUMAR & M.NIRMALA, “AN IMPACT OF GST ON GENERAL PUBLIC”, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 1058-1062, APIS – 3920 – 0001 & ISSN – 2583-2344

Abstract :

In this article, the author analyzed “an impact of GST on general public”. GST expands for “Goods and Services Tax”. It will help the Indian economy’s growth by the way of reducing multiple taxes such as Value Added Tax(VAT), Sales tax, Service tax, Excise duty etc,…all as to combined into one simple tax, that is the GST, “One Nation One Tax”. GST will replace all the indirect tax levied on Goods and Services by Central government as well as State government. GST will have both pros and cons of impact the day to day life of general public. The burden on GST filing is to file a return on time without any delay but the procedure of filing is huge process and most of that handle only tax professionals and rest of less individuals are not aware of it. GST has created a positive impact on consumer and in other side if the difference of old and new rate was huge, the consumers is in the loosing point. The paper is based on primary and secondary data resources which were collected from general public, articles and authorized websites.

Keywords: GST, One Nation One Tax, GST Filing, Indirect Taxes.