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HIGHS AND LOWS OF GST: WITH SPECIAL REFERENCE TO AUTOMOBILE INDUSTRY
Bhavana Srivastava,  Dr. Himanshu Srivastava
Goods and Services Tax is a singular tax mechanism based on the core concept of ‘one nation one tax’.
Guarded by innumerable legislative, political and technical hurdles, the giant tax structure came into effect on 1st July 2017. Initially, this indirect single tax mechanism was opposed and criticised by a major sections of the country but with the passage of time and continuous adjustment made both by the Government as well as the general public, the concept has gained its acceptance. GST has made its own path of preference and acceptance due to the benefits offered by it to most of the major players of the Indian Economy. Keeping that factor in mind, I have highlighted the benefits gained and challenges faced by the Automobile Industry after the implementation of GST. This paper will focus on the brief introduction of the Goods and Services Tax, Indian Automobile Industry and will present the merits and demerits of GST with respect to Automobile Industry in India.
Keywords- GST, Automobile Industry, Input Tax Credit.
Unique Identification Number - IJEDR2302003Page Number(s) - 16-18Pubished in - Volume 11 | Issue 2 | April 2023DOI (Digital Object Identifier) -    Publisher - IJEDR (ISSN - 2321-9939)
Cite this Article
Bhavana Srivastava,  Dr. Himanshu Srivastava,   "HIGHS AND LOWS OF GST: WITH SPECIAL REFERENCE TO AUTOMOBILE INDUSTRY"
, International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.11, Issue 2, pp.16-18, April 2023, Available at :http://www.ijedr.org/papers/IJEDR2302003.pdf