EXAMINATION OF INDIA’S TAX STRUCTURE ALONG WITH ITS INFLUENCE ON ECONOMIC DEVELOPMENT

EXAMINATION OF INDIA'S TAX STRUCTURE ALONG WITH ITS INFLUENCE ON ECONOMIC DEVELOPMENT

KAVYA SHREE GN

MBA STUDENT

PES UNIVERSITY, RING ROAD CAMPUS,100 FEET RING ROAD, BSK 3RD STAGE, BANGALORE-KARNATAKA, INDIA-560085

UNDER THE GUIDANCE OF

 PROF. ARVIND L N

ABSTRACT:

The government body's main purpose is to enhance a country's wider growth and improvement. Taxes are the main route to earn funds in the governing body. These taxes are a continuous money-gaining approach. Both direct as well as indirect taxing are gathered in various manners. Direct taxes are scheduled alongside income tax. The flourishing of a nation's economic growth is heavily dependent on the tax framework it has accumulated. Hence, they are the main income for bodies. A nation's growth in funds happens if the tax system stimulates coordination and minimizes possibilities for tax misconduct. Hence, this paper focuses on the Indian taxing system and its impact on economic development. The paper also explains about the taxing framework, factors, arrangement of taxes, few provisions in Indian tax and reforms of Indian tax, its structure benefits on economic growth, and GST impact on generating revenue are covered in this research. It also shows the relationship between tax and economic development factors.

KEYWORDS: Direct tax, Indirect tax, GST, Indian Government, Economy