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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | AUTOMOBILE INDUSTRY AND IMPACT OF THE GOODS AND SERVICE TAX ON AUTOMOBILE INDUSTRY |
| Authors Name: | PRIYA SHARMA , DR. ANITA MODI |
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IJRTI_190117
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| Published Paper Id: | IJRTI2405087 |
| Published In: | Volume 9 Issue 5, May-2024 |
| DOI: | |
| Abstract: | The scope of automobile industries is undoubtedly has been an increased economic development. It’s number of significant activities in investment & entry of varied foreign players. This is often known that the automobile helps in transport people & goods over long distance. The demand for Automobile is worldwide and definitely has extended scope future rise in economic process. It contributes in the per capita income & value yet and it helps to realize the development of the country. Due to elimination of cascading effect the tax will not be charge on tax, and hence the cost will automatically get down and it will give a relief to the industry and Trade, as well as to the final consumer who was bearing the whole amount of tax with cascading effect. With the proper formulation of GST by making proper rates of Taxes and making proper compensation wherever required, there are number of gains to both central and State, especially in compliance of Tax Structure properly and honestly. If Goods and Service tax is implemented with proper caution and in proper manner, it will definitely a role changing scenario to the Indian Taxation system as well as to the all parties whether Manufacturer or whole seller or retailer or Final Consumer. After implementation of GST, there are almost all the sectors got affected either positively or negatively in Indian economy. The Automobile industry In India is growing fast and having direct correlation with the reforms related policies that influenced domestic demand pattern as well as trade. The India is currently moving towards major reforms in its taxation system and economic policies. Introduction of GST is proving effective support to such major economic development programs. |
| Keywords: | Automobile, Compensation, Industry, Taxes, Development, Contribution, Influence, Input. |
| Cite Article: | "AUTOMOBILE INDUSTRY AND IMPACT OF THE GOODS AND SERVICE TAX ON AUTOMOBILE INDUSTRY", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 5, page no.630 - 634, May-2024, Available :http://www.ijrti.org/papers/IJRTI2405087.pdf |
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| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 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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Published Paper ID: IJRTI2405087
Registration ID:190117
Published In: Volume 9 Issue 5, May-2024
DOI (Digital Object Identifier):
Page No: 630 - 634 Country: JAIPUR, RAJASTHAN, INDIA Research Area: Arts Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2405087 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2405087 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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