An Impact Analysis of Structural Changes and Government Expenditure on Indirect Taxes Post-GST in India: An ARDL Cointegration Approach: 24445
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https://doi.org/10.35716/IJED-24445
Author: Khushboo Jain and Shveta Singh
Author Address: Guru Jambheshwar University of Science and Technology, Hisar-125001 (India)
Abstract
The study
explored the influence of structural composition, government spending, and
Goods and Services Tax (GST) on India's indirect tax revenue. The study employed
the ARDL cointegration approach using quarterly data from 2011Q1 to 2023Q4 to
identify long and short-term relationships among the variables. It was found that, in the long run, indirect tax
revenue benefited from the service sector and government expenditure, but was
hindered by trade openness and the implementation of GST. The service sector
and government expenditure significantly supported tax revenue in the short
run. This research offers valuable insights for researchers and policymakers,
serving as a foundation for future studies on GST's regional, national, and
international effects. It is one of the first comprehensive analyses on this
topic in India.
Keywords: Goods and services tax, government
expenditure, structural composition, tax revenue.
JEL Codes: C32, H20, H25, H50, K34, O11.
Description
Indian Journal of Economics and Development
https://doi.org/10.35716/IJED-24445
Impact Factor: 0.2 (2025)
NAAS Score: 6.30 (2025)
Indexed in Scopus (SJR = 0.15)