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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM.GSTCOS051
Volume:
10 |
7 |
Jul 2026
Pages:
1-7
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
MBA – 1st year
CMR TECHNICAL CAMPUS Hyderabad
MBA – 1st year
CMR TECHNICAL CAMPUS Hyderabad
The Goods and Services Tax (GST), implemented in India on 1 July 2017, represents one of the most comprehensive indirect tax reforms aimed at creating a unified national market through the concept of “One Nation, One Tax.” GST replaced multiple indirect taxes such as Value Added Tax (VAT), service tax, excise duty, octroi, and entry tax with a single integrated tax system. This study examines sector-specific experiences under GST with special focus on construction, real estate, logistics, retail trade, supply chains, and the IT and service sectors. The construction and real estate sectors experienced increased transparency, formalization, and availability of Input Tax Credit (ITC), although compliance burden, high taxation on construction materials, and complexities in ITC provisions created challenges. Retail trade and supply chains witnessed improved efficiency, standardized taxation, and greater integration of markets across states. Similarly, the IT and service sectors experienced simplified taxation and increased digitalization, but faced challenges relating to multiple registrations, compliance costs, and changing tax provisions. The study also analyzes policy innovations and administrative reforms introduced under GST implementation. Key initiatives such as the GST Network (GSTN), e-way bill system, e-invoicing, digital return filing, and simplified compliance schemes enhanced transparency and improved tax administration. It highlights important lessons for future tax reforms, including the importance of strong technological infrastructure, stakeholder participation, simplified procedures, stable tax policies, and phased implementation strategies.
KEYWORDS
GST has transformed India’s indirect taxation system by creating a more transparent, unified, and technology-based tax structure. It improved interstate trade, supply chain efficiency, and digital tax administration while reducing tax complexity and cascading taxes. Different sectors experienced both benefits and challenges under GST. Large businesses adapted quickly, whereas small businesses initially faced compliance and technological difficulties. Over time, simplified procedures and digital awareness improved implementation GST also promoted economic integration, better revenue monitoring, and increased transparency through online systems such as e-invoicing and digital return filing. However, continuous improvements in policy stability, taxpayer support, and simplification are still required. Overall, GST is a significant economic reform that strengthened India’s fiscal system, encouraged formalization of the economy, and provided valuable lessons for future tax reforms and sustainable economic growth.
1. KUMAR, A., & SHARMA, R. (2018). GST and its impact on the construction industry in India. International Journal of Construction Economics, 5(2), 34–47. 2. RAO, K. (2019). Financial implications of GST on construction companies in India. Indian Journal of Finance and Accounting, 14(3), 91–105. 3. MEHTA, P., & JAIN, N. (2020). GST and formalization of the Indian construction sector. Journal of Infrastructure Development, 11(1), 67–79. 4. SINGH, D., & VERMA, R. (2019). Affordable housing and GST: Opportunities and challenges. Journal of Housing and Urban Development, 7(4), 61–75. 5. PATEL, H. (2020). Challenges of GST implementation in the real estate sector. Real Estate and Taxation Review, 8(2), 72–84. 6. AGARWAL, R. (2020). Impact of GST on warehouse network optimization and supply chain efficiency in India. Journal of Logistics and Supply Chain Management, 12(2), 45–58. 7. SHARMA, P., & KULKARNI, M. (2021). E-way bill implementation and GST compliance challenges in logistics. International Journal of Transportation Studies, 9(2), 39–52. 8. IYER, V., & RAO, P. (2019). GST and operational efficiency in organized retail businesses. Indian Journal of Retail Management, 6(2), 41–53. 9. NARAYANAN, K. (2018). GST and digitization of service taxation in India. Journal of Information Technology and Taxation, 4(3), 25–37. 10. PWC India. (2019). GST implications for the IT and services sector. Mumbai: PricewaterhouseCoopers India. 11. KPMG India. (2021). GST compliance simplification measures: QRMP scheme and composition scheme. Mumbai: KPMG Publications.
Publication Date
7/5/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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