YOU NEED TO CHANGES

1. Make Introduction One Page Just Add It

2. In Review of litreteture should be included (Author Name,
year, objective, how data collected? Tools used for analysis
data, Findings)
3. Prepare reference

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 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.

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1.2 LITERATURE REVIEW

 S. Ajith Adithyaa (_____) a study entitled “A STUDY ON GST COLLECTION IN

INDIA AND ITS ANALYSIS, Goods & Services Tax Law in India is a
comprehensive, Multi- stage, destination-based tax that is levied on every value
addition. In simple words, Goods and Service Tax (GST) is an indirect tax levied
on the supply of goods and services. This law has replaced many indirect tax laws
that previously existed in India. GST is an Indirect Tax which has replaced many
Indirect Taxes in India. The Goods and Service Tax Act was passed in the
Parliament on 29th March 2017. The Act came into effect on 1st July 2017. This
article deals with Analysis of GST Collection of India.

 Anand Nayyar et.al., (_____) a study entitled “A Comprehensive Analysis Of

Goods And Services Tax (GST) In India” :- GST was planned to be
implemented in April 2010, but was postponed due to political issues and
conflicting interest of stakeholders. The primary objective behind development of
GST is to subsume all sorts of indirect taxes in India like Central Excise Tax,
VAT/Sales Tax, Service tax, etc. and implement one taxation system in India. The
GST based taxation system brings more transparency in taxation system and
increases GDP rate from 1% to 2% and reduces tax theft and corruption in
country. The GST concept along with significant working, comparison of Indian
GST taxation system rates with other world economies, and also presented in-
depth coverage regarding advantages to various sectors of the Indian economy
after lavishing GST and outlined so e challenges of GST implementation.

 Sacchidananda Mukherjee(_____) a study entitled, Performance Assessment

of Indian GST” Revenue from Goods and Services Tax (GST) is not meeting
budgetary targets for last two financial years and therefore it is important to
understand the reasons behind shortfall in GST collection. Any shortfall in GST
collection will not only impact fiscal management of the union government but
also it will spill over to state finances in terms of lower tax devolution. Structural
changes made in the GST, in terms of increasing GST threshold and reducing tax
rates for a large number of goods and services may have helped to moderate the

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 impact of GST on Indian economy, but the revenue impact of the policy decisions
cannot be negligible.

 Mr. Arun Gautam(_____) a study entitled, “The Role of the GST in India: A
Comprehensive Analysis of their Revenues and Returns :- Taxation is a back
bone of Indian Economy. Taxation are of two type Direct Tax and Indirect Tax.
Indirect Tax are central sale tax, value added tax, excise duty, customs duty,
Service tax, entertainment tax, luxuries tax etc. Around 17 indirect tax and 23 cess
is change in GST except customs duty. GST Implementation around 164 countries
The GST collection in January was 86,318 crore. It is 385 million less than
December. After the continuous decline in October and November tax collection
was increased in December. The Finance Ministry has given this information. The
Finance Ministry was assumed in December may be next every month GST
collection equal to 1, 00,000 cr but in January is decline. The figure of GST
collection has crossed Rs 100000 cr for the first time. In April, the government
received 1.03 lakh crore rupees from GST and return filled 60.47 lakh but after
then in October 2018 and January 2019 they achieve the target of 1, 00,000 crore.
GST in the country, the number of traders coming under the indirect tax has
increased by 50%. 34 lakh new businessmen have registered in GST. Among them
are small businessmen, who have registered for taking input tax credit. Such 17
million businessmen have registered. In December 2017 there were 98 lakh
registered businessmen. In February 2019 total 1.19 crore taxpayer are registered
under GST. GDP also growth after implementation of GST In one word say GST
is give benefits for every stakeholder in India.

 Sandhya Singh (_____) a study entitled “Analysis Of GST And Its Impact On
Indian Economy” :- The proposed GST is likely to change the whole scenario of
current indirect tax system. It is considered as biggest tax reform since 1947.
Goods and Services Tax (GST) is a comprehensive tax levy on manufacture, sale
and consumption of goods and services at a national level. One of the biggest
taxation reforms in India the (GST) is all set to integrate State economies and
boost overall growth. Currently, companies and businesses pay lot of in direct
taxes such as VAT, service tax, sales tax, entertainment tax, and luxury tax. Once
GST is implemented, all these taxes would cease to exist. There would be only

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 one tax, that too at the national level, monitored by the central government. GST
is also different in the way it is levied — at the final point of consumption and not
at the manufacturing stage. Integration of goods and services taxation would give
India a world class tax system and improve tax collections.

 Dr. A. Jagan Gopu(_____) a study entitled Study On Collection,

Composition And Business-Wise Contribution Of GST In India:- In India,
Governments are at two levels such as centre and states, for the division of powers
between the centre and states there are three lists given in the Seventh Schedule of
the Constitution which gives the subjects each level has jurisdiction in Union List,
State List, and Concurrent List. Hence the taxation comes under the centre and
state with due respect which their subject matters. The unified GST which
implemented in 2017 is been under severe critics from various quarters starting
from political to the ordinary citizens not only within the Country from outside the
Country also, in this background there is a need to look into the design and rates
of GST and whether it fit to the country like India since it has dual government
multiple taxes and different rates need to study.

 Monika Sehrawat Et.Al(_____) a study entitled “GST In India: A Key Tax

Reform” GST is one of the most crucial tax reforms in India which has been long
pending. It was supposed to be implemented from April 2010, but due to political
issues and conflicting interests of various stakeholders it is still pending. It is a
comprehensive tax system that will subsume all indirect taxes of states and central
governments and unified economy into a seamless national market. It is expected
to iron out wrinkles of existing indirect tax system and play a vital role in growth
of India.

 Mr.R.Rajasekaran et.al (_____) a study entitled ,An Analysis of GST

Collection of India (State Wise) with Special Reference to Calendar Year
(2019-2020) GST is an Indirect Tax which has replaced many Indirect Taxes in
India. The Goods and Service Tax Act was passed in the Parliament on 29th
March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax
Law in India is a comprehensive, multi-stage, destination-based tax that is levied
on every value addition. In simple words, Goods and Service Tax (GST) is an

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 indirect tax levied on the supply of goods and services. This law has replaced
many indirect tax laws that previously existed in India.

 Gaurav Choudhury (_____) a study entitled, “Analysis of GST collections at

record high ,but until January numbers to fit a trend , goods and services tax
collection that are released monthly allow us to do that. Latest data shows that
GST collections touched a record high of Rs 1.15 lakh crore in December, the
highest ever since the new tax system kicked in from July 1, 2017, I a grand
midnight event in parliament. The previous highest was in april 2019 when GST
collection stood at Rs 1,13,865 crore

1.3 RESEARCH GAP

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

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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
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 .
I. There was no uniformity of tax rates and structure across states before
the GST.
II. 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.
III. 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
IV. Under the Tax Reforms GST Make huge chances in the financial
system of the country.

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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

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 LIMITATIONS OF THE STUDY

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

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The project will be present chapter as under:

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

This study is based on secondary data

Due to time constraints scope of study is limited

Only two stock exchanges are considered.

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 CHAPTER-2

CONCEPTUAL FRAMEWORK AND BACKGROUND

OF STUDY

Chapter - 3

BRIEF PROFILE OF THE SLECTED INDUSRY

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3

Chapter - 4

PROFILE OF THE ORGANISATION

Chapter – 5

ANALYSIS AND INTERPRETATION

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6.2. Findings

6.3. SUGGESTIONS

6.4 CONCLUSION

BIBLIOGRAPHY

Books

Reports

Websites:

Annexure

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