CHAPTER - 1

INTRODUCTION AND RESEARCH DESIGH

1.1 INTRODUCTION

Whenever taxes are discussed the first and foremost bifurcation occurs with the
type of taxes that are being considered. Taxes are broadly divided as – direct
taxes and indirect taxes. The former includes taxes that are levied directly on the
income of an individual like the income tax and the latter consists of taxes which
are not directly levied on the income of an individual, however they are
indirectly collected from an individual (customer) on the expenses he/she incurs.
Examples of indirect taxes are: Value Added Tax (VAT), Service Tax, Excise
Duty, Import Duty, Goods and Service Tax (GST) and so on. The Goods and
Services Tax (GST) was introduced in India on 1st July, 2017, after more than a
decade of efforts. It replaced an existing system of fragmented and complex
indirect taxes, consisting of multiple central and state taxes. Under the earlier tax
system, states unilaterally levied entry taxes on all goods that entered its territory,
resulting in inefficiencies and huge costs to the economy. Goods & Service Tax
(GST) is the biggest tax reform in Independent India which aims at uniform tax
rate across India under the policy of one tax one nation. The objectives of the
GST regime have tried to dismantle all the inter-state barriers with respect to
trade. The GST has converted India into a unified market for the diversified 1.35
billion of its citizens and it is a value-added tax levied on most goods and
services sold for domestic consumption and also the incidence of GST is paid by
consumers, but it is remitted to the government by the businesses selling the
goods and services because it is indirect tax.

1.2 LITERATURE REVIEW

1.3 RESEARCH GAP

The literature review given an idea about past researches. After reviewing
many literature researcher found that some previous studies consecrated on

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 understanding the analysis of GST collection on states in India. Same researchers
covered past years like 2018-19. there are almost limited studies happened on
the titled “.An analysis of GST collection in India-with special reference to
selected states of India. ”

1.2 STATEMENT OF THE PROBLEM

Earlier the constitution empowered the central government to levy excise duty on
manufacturing and service taxes on the supply of services. Similarly, it empowers
the state government to levy the state tax on Value Added Tax (VAT) on sales of
goods. This exclusive division of fiscal powers has led to a manipulation of
indirect tax in the country. Further, a central tax was levied on intrastate of goods.
In addition, many states also levy entry tax on the entry of goods in their locality.
So, as to overcome this problem, the government at this stage has introduced a
single taxation system which includes in itself all taxes to avoid the various
problems related to taxation system and thus giving this control in only one hand.
GST stands for Goods and Services Tax. It is an indirect tax throughout India to
replace taxes levied by the central and state government. So this Study focuses on
understanding the analysis of GST collection selected states in India. And this
study also focuses on analysing the relative percentages.

1.3 SIGNIFICANCE OF STUDY

From the review of literature, it can be observed that, Taxation is an important

fiscal policy tool for the government to contain macroeconomic imbalances and
improve economic performance of any nation. The preference of direct over
indirect taxation is axiomatic to the optimal design of the tax structures since these
may influence differently the policy goals of efficiency, equity and sustainability
(NP Singh et al 2018)1 . Goods & Service Tax (GST) is the biggest tax reform in
Independent India which aims at uniform tax rate across India under the policy of
one tax one nation. . This study focuses on investigation of GST collection in
India –with special reference to selected states in India

1.3 OBJECTIVES

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 1) To gain an in-depth understanding of GST taxation system evaluation
in India
2) To understand a feature working and differentiating existing tax
system (VAT and others Vs GST)
3) To find out the construction level in GST collection from each state
4) To analysis statistical data of GST collection state wise
1.4 NEED OF THE STUDY

Present study is focuses on “A Comparative study on Trends Development of

Commodity Futures in BSE and NSE - CAGR and Relative percentage
Analysis” This study .
1) There was no uniformity of tax rates and structure across states before
the GST.
2) There is a cascading of taxes due to "Tax on Tax". No credit excise
duty and service tax are paid at the state of manufacture are available
to the traders while paying the state level sales tax or VAT.
3) No payment of state taxes speed in one state can be reimbursed in
other states. Hence the prices of goods set artificially inflated to the
extent of "Tax on Tax
4) Under the Tax Reforms GST Make huge chances in the financial
system of the country.

1.5 SCOPE OF THE STUDY

This paper provides a detailed insight regarding analysis of GST collection in

india among various states . GST after implementation will bring uniformity

with tax rates and will also overcome lots of shortcomings in the Indian taxation

system with regard to indirect taxation. The Good and Services Tax would

surely be highly advantageous for major areas of the India economy

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1.6 METHODOLOGY

The researcher plan to use analytical research design and empirical

research to analysis of GST collection in India-with special

reference to selected states in India

1.6.1 Data Collection

For the present study the researcher plans to adopt empirical research design.
The present research plans to carry based on secondary data taken out from
academic journals as well as articles written by previous authors experts. and
also other data collected from the Newspapers, Magazines, and other published
Information.

1.6.2 Tools for Analysis of Data

For analysing and interpreting the result both descriptive and inferential
statistical tools to be used. To Analysis of GST collection with the help of
Descriptive statistical tools such as Mean, Standard Deviation and Co efficient
of variation used. And Ratios are also used for now the financial performance.

1.7 Research limitations

1) The study focus only on first April 2018 to 31 December 2019 so we can

find short term solutions only

2) Due to (other factors) changes in GST percentage and other economic

factors involved in country GST COLLECTION may reduced

3) Data collection method is secondary data.

1.5. CHAPTERISATION SCHEMA

The project will be present chapter as under:

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 CHAPTER- 1: Introduction
CHAPTER- 2: Conceptual Framework
CHAPTER- 3: Profile of the stock Exchanges (BSE and NSE)
CHAPTER- 4: Analysis and Interpretation
CHAPTER- 5: Findings, conclusion and suggestions
This chapter includes the findings, conclusion and suggestions made after the study.

1.8 LIMITATIONS OF THE STUDY

1.8.1 This study is based on secondary data

1.8.2 Due to time constraints scope of study is limited

1.8.3 Only two stock exchanges are considered.

CHAPTER-2

CONCEPTUAL FRAMEWORK AND BACKGROUND

OF STUDY

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 Chapter - 3

BRIEF PROFILE OF THE SLECTED INDUSRY

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3

Chapter - 4

PROFILE OF THE ORGANISATION

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 Chapter – 5

ANALYSIS AND INTERPRETATION

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6.2. Findings

6.3. SUGGESTIONS

6.4 CONCLUSION

BIBLIOGRAPHY

Books

Reports

Websites:

Annexure