Goods and Services Tax (GST): A Comprehensive Study on its Implementation, Impact, and Future Perspectives

Goods and Services Tax (GST): A Comprehensive Study on its Implementation, Impact, and Future Perspectives

JYOTHI DEY (MBA FINANCE)

Dr. A. RUPA VENI ( Associate professor)

MALLA REDDY UNIVERSITY , HYDERABAD.

Abstract
The Goods and Services Tax (GST) is a comprehensive indirect tax system that has been adopted by several countries worldwide to streamline the taxation process and enhance revenue collection. This research paper provides an in-depth analysis of the GST, exploring its implementation, impact on various sectors, and future perspectives. The study reviews existing literature on GST, examines its benefits and challenges, and utilizes a structured methodology to gather and analyze data. The results highlight the implications of GST implementation on businesses, consumers, and the economy as a whole. In conclusion, the paper summarizes the key findings, discusses the future prospects of GST, and provides recommendations for policymakers and stakeholders.

Keywords: Goods and Services Tax (GST), indirect tax, taxation system, revenue collection, implementation, impact, sectors, literature review, benefits, challenges, methodology, data analysis, businesses, consumers, economy, future prospects, recommendations.