1.
Parveen Kumar
– Assistant Professor, Department of Commerce, Akal University, Talwandi Sabo, Bathinda, Punjab, India.
2.
Parminder Singh
– Assistant Professor, Department of Commerce, Akal University, Talwandi Sabo, Bathinda, Punjab, India.
3.
Sonia Dara
– Research Scholar, Department of Commerce, Akal University, Talwandi Sabo, Bathinda, Punjab, India.
Abstract
In India, the GST has been implemented as a unified tax on all goods and services. Since its implementation, it has emerged as a vital proceeds stream for both the federal and state authorities in India. The study presents an analysis of GST revenue trends, comparing state-level revenue performance before and after GST implementation. Various statistical techniques, such as descriptive analysis, sample T-tests and regression modelling, have been utilised. The findings reveal fluctuating trends in GST revenue collection in India. It also indicates that Maharashtra is maintaining the top position among all states. The paired T-test results indicate a significant increase in revenue growth across all states following the implementation of GST. Furthermore, the regression analysis demonstrates a strong link between both GST and GDP, underscoring its substantial influence on the economy. The results point to the importance of designing region-specific policies and incorporating GST-related dynamics into economic strategies to support steady revenue growth and maintain economic stability.
