• Vijeta Vishwanath

GST also known as Goods and service tax is defined as the giant indirect tax structure designed to support and enhances the economic growth of the country. More than 150 countries have implemented GST so far. However, the idea of GST in India was first raised by former Prime Minister of India Atal Bihari Vajpayee and his council. After being subject to months of dilly-dallying, late on August 3, 2016, the constitution (122nd Amendment) bill was passed by the Rajya Sabha. The much awaited passing of the bill immediately hailed as historic, landmark, game-changer and giant leap in the path of ongoing economic reforms in the country. The government’s ability to steer the constitution amendment through choppy political waters was seen as a test of its commitment to economic reforms. The paper highlights the background, structure, benefits of GST, importance, impact on various sectors and Implementation of Goods and Service Tax in India. Finally, the paper examines and draws out a conclusion.

GST AND INDIAN ECONOMY

"GST AND INDIAN ECONOMY ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 2, page no.73-77, February-2019, Available :http://www.jetir.org/papers/JETIRAB06016.pdf

"GST AND INDIAN ECONOMY ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 2, page no. pp73-77, February-2019, Available at : http://www.jetir.org/papers/JETIRAB06016.pdf