GST and automotive sector in India
Issues and challenges addressed so far
Keywords:
GST, input tax credit, automobile industry, job worksAbstract
Being one of the major financial reforms, GST has impacted almost all the major and minor sectors of our economy. It has came out with both the sides of a coin, that is, along with the advantages it has put forward a number of challenges and issues before different industries, which are still tackling the problems with respect to GST mechanism. Goods and Services Tax is a soleoutstanding tax mechanism built on the nucleus of ‘one nation one tax’. Guarded by innumerable legislative, political and technical hurdles, the giant tax structure came into effect on 1st July 2017. With the advent of GST, the Automobile Industry has benefitted to a considerable extent but is also faced with a number of technical and other challenges which will be discussed in this paper. This paper will focus on the brief introduction of the Goods and Services Tax, Indian Automobile Industry and will analyse the positive as well as negative aspects and impact of GST implementation with respect to Automobile Industry in India.
Downloads
References
B. Subhamoy, Das Arundhuti (2017). GST in India: Impact and Challenges. IOSR Journal of Business and Management, 19(12), 2278-487X.
Dr. Srinivas V. and Prof. Ghodke P, (2020). ‘GST- Awareness, Perception and Practical Difficulties of Entrepreneurs in the Unorganised Sector of Beed District.’ The MIBM Research Journal, Vol 7, Issue 1.
https://www.auto.economictimes.indiatimes.com
https://www.blog.saginfotech.com/gst-issues-india
https://www.ibef.org/industry/automobiles
https://www.investindia.gov.in/sector/automobile
https://www.Siam.in/statistics.aspx?mpgid=8&pgidtrail=14
Jha Pooja, Singh F.B (2017). A Study on Implementation of GST and its Repercussions on Indian Automobile Industry, Management Insight, 13(1), 69-73, 2456- 0936.
Kharde S.D (2017). Impact of GST ON Indian Automobile Industry. Journal of Emerging Technologies and Innovative Research, 4(11), 2349-5162.
Susilo, C. B., Jayanto, I., & Kusumawaty, I. (2021). Understanding digital technology trends in healthcare and preventive strategy. International Journal of Health & Medical Sciences, 4(3), 347-354. https://doi.org/10.31295/ijhms.v4n3.1769
Tekwani Kritika, Raghuvanshi R., (2019). ‘GST: A Tax Reform for Sustainability of Indian Handicrafts.’ Humanities and Social Sciences Reviews, Vol 7, Issue 1: 2395-6518.
Widana, I.K., Sumetri, N.W., Sutapa, I.K., Suryasa, W. (2021). Anthropometric measures for better cardiovascular and musculoskeletal health. Computer Applications in Engineering Education, 29(3), 550–561. https://doi.org/10.1002/cae.22202
Published
How to Cite
Issue
Section
Copyright (c) 2022 International journal of health sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Health Sciences (IJHS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJHS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJHS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
This copyright notice applies to articles published in IJHS volumes 4 onwards. Please read about the copyright notices for previous volumes under Journal History.
