THE IMPACT OF GST ON THE SALES AND PROFITABILITY OF THE AUTOMOBILE DEALERS
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Author(s):
MONICKA SHREE B, OBU MADHUBALA O, R K SWATI
Vol - 9, Issue- 1 ,
Page(s) : 290 - 298
(2018 )
DOI : https://doi.org/10.32804/CASIRJ
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Abstract
Goods and Service Tax has subsumed majority of the indirect Taxes that were prevailing in the Country. The Goods and Service tax is designed in such a way that it eliminates the cascading effects on taxes. The growth and development of various sectors of the country is dependent on the tax structure of GST. One of such is the Automobile Industry. The Indian automobile industry being a significant contributor to the Country’s GDP will be impacted due to the implementation of GST. This study is undertaken in order to bring a clear cut idea on how GST works on the automobile dealers (especially cars). To bring out the manner in which the tax edifice is designed, the pros and cons of adapting the tax structure, the impact on the industry’s operations, cost of acquisitions of material, sales and profits are the main motivation of this research.
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