A Research Paper on “Impact of GST on Service Sector of India”

Abstract

Introduction and implementation of Goods and Services Tax (GST) in India has its favourable and unfavourable impacts on the three sectors of an economy i.e. primary, secondary and tertiary sector. Service sector plays a major role in a developing economy in terms of generation of foreign currency. The services sector in India has been the most important sector in terms of contribution to national and state incomes, trade flows, FDI inflows, and employment. The services sector is the dominant sector in Indias GDP. The present paper is an attempt to study the impact of levying of GST on service sector. Prof. Vinayak R Gramopadhye | Prof. Milind M Samudre"A Research Paper on œImpact of GST on Service Sector of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-3 , April 2018, URL: http://www.ijtsrd.com/papers/ijtsrd11619.pdf http://www.ijtsrd.com/management/accounting-and-finance/11619/a-research-paper-on-œimpact-of-gst-on-service-sector-of-india/prof-vinayak-r-gramopadhye