Novel Blockchain framework for the collection of goods and sales tax in India

The Goods and sales tax process in India is going through developmental changes to curb challenges such as compliance, fraudulent activities, and additional operational cost. This paper seeks to identify how blockchain, an immutable and append-only data ledger, can impact the processing of the Indian tax system. A qualitative analysis methodology was chosen for this study with an aim to understand blockchain in depth. Induction approach was adopted for the course of this study. This study presents the results from 5 interviews with industry experts from IT and tax industry. Text mining and a thematic data analysis were combined to investigate the likelihood of the tax industry adopting a disruptive technology that has the potential to affect various stakeholders and replace current t platforms. This study provides an overview about the technological changes of blockchain for the collection of GST and provides a detailed discussion about the operational advantage it brings to the process. This study carries out a detail discussion about challenges faced by blockchain and solution for it. This study further proposes a three phase blockchain adoption framework for processing goods and sales tax in India. This study focuses on answering below mentioned question with a vision to understand and analyse adaptability of blockchain for goods and sales tax. 1. What are some of the areas of concern in the current Indian goods and sales tax system? 2. What is Blockchain and to understand its features, and its implementation for the goods and sales tax? 3. What impact has blockchain made across industries globally