Project

On
Impact of Goods & Service On the
Indian Economy

Kolhan University, Chaibassa

U.G Semester 6th Project Work

Degree of
Bachelor of Commerce
Submitted to
Submitted by
Department of Commerce
Name
A.B.M College of the student: Ajit Kumar Sharma
Jamshedpur
University Roll No. : 210105400572
Registration No. : KU2010492
U.G Semester : 6th
Session : 2020 - 2023
Name of Supervisor: Dr. Suresh Kumar
Class Roll No. : 187
 DECLARATION
I, Ajit Kumar Sharma, of A.B.M College Golmuri, Jamshedpur for
Continuing Education, from Bachelor of Commerce (B.com)
semester 6th, hereby declare that I have completed this project
on Impact of Goods and Services Tax on Indian Economy Logistic
Sector” in the academic year 2019-2020. The information provided is
true and original to the best of my knowledge.
 ACKNOWLEDGEMENT
I would take this opportunity to express my deep sense of
appreciation and regards towards all those who have directly and
indirectly helped me in the successful completion of this project.

I would like to express my sincere gratitude towards my project

guidance professor’s and mentors whose guidance and care
helped me in understanding and fulfilling the requirement for the
project.

I am grateful to all my peers and my friends who have been a

great support during the project work.
Table of Contents
Declaration ................................................................................................. 2
Acknowledgement .................................................................................. 3
Objective of study ................................................................................... 5
Executive Summary ................................................................................. 6
Introduction of Indian Taxation .......................................................... 8
Introduction of Goods and Service Tax (GST) In India ............. 14

Objectives and Salient Features of Indian GST System ............ 16

Impact of GST on Indian Economy ................................................... 26
Overview of Indian Logistics Industry ............................................. 30
GST Impact on Logistic Sector …........................................................ 35
Literature Review ..................................................................................... 48
Research Methodology ......................................................................... 49
Data Analysis ............................................................................................. 49
Findings ....................................................................................................... 50
Key Suggestions ....................................................................................... 58
Conclusion .................................................................................................. 59
Bibliography ............................................................................................... 60
OBJECTIVE OF STUDY
 To provide information of evolution of tax system in India.

 To understand various components of Goods and Services Tax (GST).

 To study the need and importance of the Goods and Service Tax to the Indian economy.

 To understand how GST has impacted the Indian economy with specialisation in logistic sector.

 To evaluate the challenges and changes faced by logistic companies due to implementation of
GST.