ASSESSMENT OF THE IMPACT OF COVID-19 ON GST COLLECTION IN INDIA

Abstract

With the origin of COVID-19 in December, 2019 from China, the novel corona virus gradually reached all the countries of the world and has caused severe loss of human lives and damage to the economy of the country. The global economy has been shattered during this pandemic time. India is no exception and various sectors of Indian economy have witnessed severe pandemic consequences. Virus has affected GDP, employment, tax collections and various other aspects of Indian economy. GST which is a combined format of various indirect taxes in India is a significant indicator of economic activities important for the economy of the nation. The present study has been designed to analyze the impact of corona pandemic on GST collections during the period between January 2018 and December 2021, which is a pivotal marker for assessment of the economy.