INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Abstract: Goods and Service tax (GST) constitutes the last mile of long journey of reforms of indirect tax in India. GST replaced a large number of state and centre taxes. Taxation in textile sector in opaque and non-neutral across its various segments. The textile sector contributes 4% to the country’s GDP and 14% to industrial production. The GST also has a significant impact on the textile sector. This is the biggest reform proposed in tax regime of our country after independence. GST has changed the approach of payment of taxes in the textile sector. This study examine the implications of GST for the Indian textile industry adopting qualitative approach. It also highlights how Indian textile industry is preparing for transition to GST. Efficient formulation of GST will lead to resources and revenue gain for government majorly through widening of tax base and improvement in tax compliance.
"GST- A GAME CHANGER THE TEXTILE SECTOR IN INDIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 10, page no.b618-b622, October-2023, Available :http://www.ijnrd.org/papers/IJNRD2310169.pdf
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2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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