An Appraisal Perspective of Goods and Services Tax

  • Dr. Vijay Kumar Gupta Assistant Professor, Department of Commerce Arya Mahila Degree College, Shahjahanpur, Uttar Pradesh


On 1 July 1999, the goods and services tax (GST) was introduced during the ongoing recession between 1995 and 2002. During this period, the PNG economy experienced high budget deficits, inflation, interest rates and sovereign debt Rates and various and distorted indirect taxes, tax deductions in the State, less imports from minerals and oil wells and pressure to liberalize trade and investment. A keen investigation has been carried out into policy reforms for economic reforms. This report explains the main GST impacts and highlights the negative consequences for disadvantaged payers. We propose suggestions to reform the GST and to minimize serious negative consequences.


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