Published Online:July 2025
Product Name:The IUP Journal of Applied Economics
Product Type:Article
Product Code:IJAE050725
DOI:10.71329/IUPJAE/2025.24.3.87-99
Author Name:Ajay A and M Chithirai Selvan
Availability:YES
Subject/Domain:Economics
Download Format:PDF
Pages:87-99
A tax reform is said to be successful when it increases the tax revenue and tax base, thereby improving the welfare of the people by increasing the expenditure on social sectors. The goods and services tax (GST) was introduced in India on July 1, 2017 as “one nation one tax”. It acts as a catalyst to consolidate the domestic indirect tax and remove the hindrances in movement of goods in the country, thereby reducing the cascading effect of tax (Rao, 2019). GST aims to consolidate multiple taxes, enhance revenue collection, and improve economic integration in India, potentially leading to increased investment in infrastructure and development projects (Parihar & Gujar, 2022). Experts have highlighted various issues pertaining to GST, especially after its implementation, like share of integrated goods and services tax (IGST