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Assessment of GST’s Impact on State Revenue: A Comparative Analysis of Revenue Patterns
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Ruchira Chaturvedi
Ph.D. Scholar at Dharmashastra National Law University, Jabalpur, India
Abstract
This research paper is written on the edifice of the Goods and Service Tax (GST) introduced in India through 101st Constitutional Amendment marking a significant reform in the country's indirect tax system. GST could be introduced in its Indianized version only with the states’ sacrifice of their vital fiscal autonomy. Aimed towards enhanced revenue, GST has variedly impacted the revenue patterns of different states. This study comparatively analyzed the pre-GST and post-GST revenue trends across major states. The findings indicated that while GST has led to an overall increase in tax revenue for most states, the magnitude of impact varies significantly. The study highlights the need for further research to assess the long-term implications of adopted GST model on state finances and to strategize enhancement of revenue stability and equity in the GST regime.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 8, Issue 1, Page 445 - 458
DOI: https://doij.org/10.10000/IJLMH.118924Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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