Proceedings of the Sustainability in emerging economies - Integrating business excellence in management education (SEE-IBEME-2024)

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GST and Sustainability: An Analysis of the Goods and Services Tax in Promoting Sustainable Development

Authors
Rahul Mongia1, 2, *, N. P. Singh1, 2
1Research Scholar, MVN University, 74 KM Stone, NH-2, Delhi-Agra Highway, Palwal, 121105, India
2Professor, MVN University, 74 KM Stone, NH-2, Delhi-Agra Highway, Palwal, 121105, India
*Corresponding author. Email: 20ms9006w@mvn.edu.in
Corresponding Author
Rahul Mongia
Available Online 6 May 2025.
DOI
10.2991/978-94-6463-696-3_23How to use a DOI?
Keywords
GST; Sustainability; Taxation; Economic growth; Revenue
Abstract

The Goods and Services Tax (GST) is a tax based on the destination principle that is levied in each stage of production and transfers but the final tax is paid by the customer/consumers. It is a tax that applies to whole India including the state of Jammu and Kashmir. Since being implemented in India on July 1, 2017, GST has streamlined the indirect tax system, fostering a unified national market. However, its potential impact on sustainability issues has not been adequately investigated. This study examines the relationship between GST and sustainability, highlighting sustainable economic growth. It also aims to highlight the significance of GST in fostering sustainable corporate practices, resource optimization, and equitable economic development. The research paper also analyses the extent to which the GST structure complies with sustainable development principles, which may enhance the country’s indirect tax income and gross domestic product. In addition, forecasting analysis depicts projected trends in GST revenue and economic growth, offering insights into the future effects of GST on India’s economy.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Sustainability in emerging economies - Integrating business excellence in management education (SEE-IBEME-2024)
Series
Advances in Economics, Business and Management Research
Publication Date
6 May 2025
ISBN
978-94-6463-696-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-696-3_23How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rahul Mongia
AU  - N. P. Singh
PY  - 2025
DA  - 2025/05/06
TI  - GST and Sustainability: An Analysis of the Goods and Services Tax in Promoting Sustainable Development
BT  - Proceedings of the Sustainability in emerging economies - Integrating business excellence in management education (SEE-IBEME-2024)
PB  - Atlantis Press
SP  - 376
EP  - 385
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-696-3_23
DO  - 10.2991/978-94-6463-696-3_23
ID  - Mongia2025
ER  -