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VOL. 5, ISSUE 2 (2023)
Impact of GST Act on Indian economy: A statistical analysis
Authors
Dr. Sharmila Ahlawat
Abstract
This study employs statistical techniques to analyse the impact of the
Goods and Services Tax (GST) Act on the Indian economy from its implementation
in July 2017 through 2022. Using time series analysis, regression modelling,
and comparative statistical methods, we examine key economic indicators
including tax revenue collection, tax compliance, sectoral growth patterns,
inflation, and ease of doing business metrics. The research reveals significant
structural changes in India's taxation landscape with mixed economic outcomes
across sectors. Statistical evidence indicates improved tax collection efficiency,
reduction in cascading tax effects, and formalization of the economy, alongside
short-term implementation challenges and sectoral adjustment costs. Policy
implications and recommendations for GST optimization are discussed based on
five years of implementation data.
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Pages:71-76
How to cite this article:
Dr. Sharmila Ahlawat "Impact of GST Act on Indian economy: A statistical analysis". International Journal of Management and Economics, Vol 5, Issue 2, 2023, Pages 71-76
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