Impact of the Goods and Services Tax (GST) on Tax Revenue Mobilization and Compliance in India: A Study of the Post-GST Period (2017–2022)

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@article{1723342,
      author = {Dr. Shamala K.},
      title = {Impact of the Goods and Services Tax (GST) on Tax Revenue Mobilization and Compliance in India: A Study of the Post-GST Period (2017–2022)},
      journal = {Iconic Research And Engineering Journals},
      year = {2022},
      volume = {6},
      number = {2},
      pages = {457-475},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1723342.pdf},
      abstract = {This research aims to analyze the impact of GST on tax revenue mobilization and tax compliance in India. Introduction of GST in India on 1 July 2017 was the major structural reform of the indirect tax system with the objective of rationalization and unification of various central and state taxes in India, diminution of cascading effect, reduction of tax burden on trade, industry and manufacturing, widening tax base, transparency in the tax administration, strengthening revenue administration and strengthening taxpayer compliance; therefore, under this background, this research methodology will examine the impact of GST on revenue generation and compliance in India as well as reveal the institutional mechanisms developed by this tax reform by using a descriptive and conceptual research method along with secondary sources of data such as government publications, GST Council proceedings, Central Board of Indirect Taxes and Customs documents, Ministry of Finance publications, Economic Survey reports, official GST revenue and registration statistics, and research articles on GST published up to August 2022. This research will demonstrate that GST enhanced the structural institutional framework of revenue administration and tax compliance through the widening of taxpayer registration list, input-tax-credit interconnectedness, electronic return filing, electronic transaction reporting, e-way bills, formalization of business, and increased compliance visibility, although hurdles like multiple and high rates of GST, administrative complexity, technological challenges, compliance costs, illicit input-tax-credit claims, frequent rule changes, and economic shocks of the COVID-19 pandemic hinder this progress. As a result, GST has augmented the institutional foundations of indirect-tax compliance and revenue administration in India; however, sustained revenue mobilization still requires further simplicity, technological improvement, enforcement, taxpayer facilitation, and stability.},
      keywords = {Goods and Services Tax; GST; Tax Revenue; Tax Compliance; Revenue Mobilization; Indirect Taxation; Tax Administration; India},
      month = {August},
      doi = {https://doi.org/10.64388/IREV6I2-1723342}
  }