IMPACT OF GST ON INDIAN ECONOMY: A CONCEPTUAL REVIEW

Abstract

The Goods and Services Tax (GST) is one of India's most major indirect tax reforms, bringing the vision of "One Nation, One Market, One Tax" to reality on July 1, 2017. When the GST was implemented, all state barriers were erased. 17 federal and state legislations have been repealed, and a single GST has been enacted. The GST is a broad concept that aims to simplify a complex tax structure while simultaneously supporting and strengthening a country's economic growth.