Expansive Discipline of The Accounting †MyAssignmenthelp.com

Question: Discuss about the Expansive Discipline of The Accounting. Answer: This project is in the expansive discipline of the subject accounting, as a part of my Masters in Accounting. Within accounting the field of GST (Goods and service tax) is becoming very important because of its several advantages. For an accountant, understanding the importance and implications of GST is very important. The accountants are expected to have deep knowledge of GST and its advantages, disadvantages and the calculation procedures. The data will be sourced from GSTN Goods and Services Tax Network, 2017 a public database that is utilized in order to compile the data from the Australian, Indian, Canadian, Malaysian and New Zealands GST implications. The data can be found at www.gstn.org. It contains the data pertaining to the performance of GST in the countries mentioned above. What is the impact of GST and future prospects in taxation systems and what are its advantages and disadvantages? The terms related to search that I propose to use in Google scholar in order to identify the literature involves the term Goods and service tax or GST. The search shall be limited to 2013 onwards, which is when the concept of GST became a popular term in accounting. GST in Australia is a value included duty of 10% on most merchandise and ventures deals (Mawuli, 2014). GST is a transparent tax that reduces the burden of several indirect taxes and it brings down the prices of goods and services (Main, 2016). On the contrary Tang (2016), stated that GST has a negative impact on several industries and the major being real estate industry. References: Bidin, Z., Mohd Shamsudin, F., Othman, Z. (2014). Using theory of reasoned action to explain taxpayer intention to comply with goods and services tax.International Journal of Business and Social Science. GSTN Goods and Services Tax Network. (2017). Gstn.org. Retrieved 2 August 2017, from https://www.gstn.org/ Main, J. (2016). Taxation: Why you must consider GST: Before closing a deal.LSJ: Law Society of NSW Journal, (27), 92. Mawuli, A. (2014, May). Goods and services tax: An appraisal. InPaper presented at the PNG Taxation Research and Review Symposium(Vol. 29, p. 30). Tang, C. (2016). Australian GST update2015.World Journal of VAT/GST Law,5(1), 32-41.