• S Prasanth
• Priyanka Dasgupta

Goods and Services Tax (GST) and fiscal policy are both crucial for economic management, impacting how much money the government generates and how it allocates spending. GST streamlines taxation in India by merging various taxes into one coherent system, while fiscal policy aims to boost revenue through strategic imposition of levies. This study evaluates GST's effects on revenue (GDP) and important fiscal indicators such as fiscal deficit, findings include positive tax responsiveness following GST implementation—that is, tax proceeds growing in tandem with GDP. Regression examination uncovers that Indirect tax receipts prominently impact India's fiscal shortfall. Despite preliminary obstacles, GST has evolved into an efficient framework, stabilizing proceeds and propelling financial development over the long haul.

Goods and Service Tax (GST), fiscal deficit, GDP

"Assessment of GST Impact of Revenue Generation and Fiscal Policy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 5, page no.g673-g681, May-2024, Available :http://www.jetir.org/papers/JETIR2405685.pdf

"Assessment of GST Impact of Revenue Generation and Fiscal Policy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 5, page no. ppg673-g681, May-2024, Available at : http://www.jetir.org/papers/JETIR2405685.pdf