A Study on Impact of GST on Indian Economy

Chirag Rana

Abstract: Goods and Service Tax is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws that previously existed in Indias is one indirect tax for the entire country. There are 3 taxes applicable under GST: CGST, SGST & IGST. GST will mainly remove the Cascading effect on the sale of goods and services. Removal of cascading effect will directly impact the cost of goods. This paper gives an understanding about GST in India & its impact on the Indian Economy. The Evolution of GST in India is also discussed in this research paper. The research objectives focus around the evolution of GST, how it works & how different sectors are affected by GST.

Keywords: GST, Goods and services tax, Dual GST, Indian economy and value added tax

How to Cite?: Chirag Rana, "A Study on Impact of GST on Indian Economy", Volume 8 Issue 4, April 2019, International Journal of Science and Research (IJSR), Pages: 1909-1912, https://www.ijsr.net/getabstract.php?paperid=ART20197500, DOI: https://dx.doi.org/10.21275/ART20197500