Tax on Consumer Goods and Services in India

This research looks into the ways in which taxing consumer goods and services affects India’s economy, especially under the GST system. The government introduced GST in 2017 so that all the country’s indirect taxes would be managed as one streamline system. Although GST is easily understood in theory, the research suggests that putting it in action has posed problems for the public, small businesses, and those who believe prices went up after its introduction. It is found in this mixed-methods review that GST has helped in making tax systems understandable, reducing the amount of funds needed, but at the same time has resulted in more confusing price tags and difficulties for some businesses. The data points out that recalibrating policies, increasing information given to people, and simplifying GST procedures will help achieve what the framework is meant to achieve. It helps to expand the conversation on tax reform in emerging countries by showing that there is a big difference between local policies and the way they are put into practice in India.