Abstract

For the development of a nation, the Government levies taxes. The country may impose and collect taxes in exchange for the sale or purchase of goods and services. With the introduction of GST, a significant portion of the tax burden will be reduced, allowing different sectors to cut the price of their goods; a move that will benefit customers and eventually by lowering the cost of goods to the end users. It has been argued that after introduction of GST, indirect tax revenues have been increased. Accordingly, the study attempts to examine the influence of GST on indirect tax revenue in India by making a comparison of indirect tax revenue between before and after GST regime. For the purpose of our study, we have considered secondary data which have collected from budget documents of the Government of India that ranged from 2011-12 to 2022-23. In this respect, we have employed charts, tables and paired sample t-test. The empirical findings of the study reveal that indirect tax revenue has significantly increased after the introduction of GST.

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Data Sharing Statement

Funding