Abstract: Goods and Services Tax (GST) is a universal indirect tax to be levied on sale, manufacture, consumption of goods and services. The ground laying aim of GST is to make uniform the scattered indirect tax system in India and avoid the cascading effect in taxation. As GST is a destination based tax, a significant number of the industrialized states were worried that its acquaintance would lead with loss of revenues. It took about 17 years of huge exertion with respect to various political pioneers, senior officers, charge specialists and different partners before GST was propelled on 1 July 2017.As we approach the culmination of second year of GST in India, this investigation is planned to look at the effect of GST on economy by the method for illuminating the income gathering information of India in post GST era and change in number of taxpayers. The Study is Exploratory in nature and Secondary Data has been used for the study. The data has been collected from different Journals, Periodicals. Newspapers and Internet.
Title: Influence of GST on Indian Economy (A Study of financial status)
Author: Akriti Thakur
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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