A Comparative Study Of Indirect Tax Revenue: Pre Gst And Post Gst

Main Article Content

Prof Somesh Kumar Shukla , Abhishek Dwivedi ,Prakhar Gupta , Nidhi Mishra


With the introduction of digital payments many years ago, the trend of digitization accelerated in India. India has seen a huge increase in digital payments since then. Since then, India has seen a tremendous business digital change. The digitalization brought about by the indirect tax scheme is the most innovative of them. Direct taxes were used as the initial implementation of the digitization of tax compliances.  GST is absolute indirect tax which is imposed on production, sale and consumption of goods and services. The majority of the indirect taxes levied by the federal and state governments are combined into one tax by this measure. It has improved tax administration efficiency and overcame the shortcomings of the previous indirect tax structure. GST was later implemented in order to digitize and integrate the indirect tax system. GST became effective on July 1, 2017. The new tax system offers the tax system clarity and predictability. "One Nation, One Tax," is the primary goal of establishing the GST. It is easy to use, effective, and by getting rid of numerous federal and state taxes, it would boost the nation's economic growth. For firms and Indian government , digitization has several benefits. First of them is digitizing invoices. Businesses can now comply with regulations without making mistakes thanks to digital technologies, and the government and tax experts have benefited much as well. This paper present following impact of digitalization on government tax revenue.

Article Details