Automobiles Sector Are Effected By Gst

Abstract

The projected GST is likely to change the whole scenario of current indirect tax system. It is considered as biggest tax reform since 1947. Currently, in India complicated indirect tax system is followed from 1^st July,2017 with imbrications of taxes imposed by union and states separately. The proposed idea is to have a single tax rate for all goods and services, charged by states and central governments, in tune with the developed nations. This paper aims to analyze the impact of GST on the real estate and automobile sector in India. The findings suggest that the sectors can benefit from GST if they are well prepared for the changes in the business environment.