IJAIR NAAS Score : 3.99 ,ISSN : 2319-1473

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    Impact of Goods and Services Tax (GST) on Tamil Nadu Economy with Special Reference to Agriculture and Allied Sectors

    S. Roshini; Suman Kumari Nayak; Laxmipreeya Behera; Upasana Mohapatra
    Goods and Services Tax (GST) is an indirect tax which was passed on 3 august 2016 and commenced on 1 July 2017 in India. GST was already implemented in 160 countries. India adopted concurrent dual GST model where taxes are collected in the form of State Goods and service tax (SGST) and Central Goods and service tax (CGST). Tamil Nadu is one of the most socially and economically progressive state. In 2014-15, Tamil Nadu contribute to 8.4 per cent in GDP and services contributes to economic activity (45%), manufacturing (34%) and agriculture (21%). Agriculture is the backbone and root of Indian economy which helps to sustain industrial growth and key to reduce poverty. It accounted for 17.4 per cent of GDP. Implementation of GST would expected to satisfy both farmers and consumers by unifying the tax system and reducing the burden of tax and boost the economy of Tamil Nadu in long run. This paper helps to study the impact of GST on economy of Tamil Nadu with special reference to agriculture and allied sector
    Select Volume / Issue:
    Year:
    2017
    Type of Publication:
    Article
    Keywords:
    GST; Agriculture; Tamil Nadu; Economy
    Journal:
    IJAIR
    Volume:
    6
    Number:
    3
    Pages:
    443-446
    Month:
    November
    ISSN:
    2319-1473
    Hits: 2602

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