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Title: | Analyzing the impact of GST on tax revenue in India : the tax buoyancy approach |
Authors: | Paliwal, Udai Lal Saxena, Nitin Kishore Pandey, Ashutosh |
Keywords: | Taxation -- India Corporations -- Finance Finance, Public -- India Revenue -- India Income tax -- India Tax administration and procedure -- India Tax collection -- India Property tax -- India |
Issue Date: | 2020 |
Publisher: | Eleftherios Thalassinos |
Citation: | Paliwal, U. L., Saxena, N. K., & Pandey, A. (2020). Analyzing the impact of GST on tax revenue in India : the tax buoyancy approach. International Journal of Economics and Business Administration, 8(1), 254-262. |
Abstract: | Purpose: The purpose of this paper is to analyse the impact of newly introduced Goods and Services Tax (GST) in India. This paper adopts the tax buoyancy approach for analysing the impact of GST on tax revenue. Design/Methodology/Approach: We conducted our study using semi logarithmic ANCOVA regression model in which we introduced VAT and GST as dummy variables. Findings: Our study finds that after the introduction of GST India’s tax revenue has become less responsive to the changes in GDP. It indicates that post introduction of GST there is some reduction in the tax burden on the consumers and corporates which supports the government’s justification behind the introduction of GST. Practical Implications: The study is expected to help the government in deciding the future course of action towards effective policy making for revenue generation. Originality/Value: Since none of the existing studies analyses the impact of GST on tax revenue our study is unique and fulfils the gap in the existing literature. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/54360 |
ISSN: | 22414754 |
Appears in Collections: | IJEBA, Volume 8, Issue 1 |
Files in This Item:
File | Description | Size | Format | |
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Analyzing the Impact of GST on Tax Revenue in India_ The Tax Buoyancy Approach.pdf | 303.67 kB | Adobe PDF | View/Open |
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