• Ishu Bala

GST that is Goods and Service Tax is the latest type of Indirect Tax that is proposed to be in force from 1st July, 2017 that's already in pressure on many countries round the arena and all of them have been considering it as their sales Tax machine. The GST might be the levied on the manufacture, sale and the intake of products and services in India. It is said to be the largest shape of reform inside the indirect taxation factor ever for the reason that 1947. The council of the GST can be headed by using the Union Finance Minister this is presently Arun Jaitley. The foremost motive of GST is to bring about the single tax machine for the manufacture and the sale of products at the each significant and the state degree inside the us of a. The GST is specially applied to cast off all other taxes like VAT (Value-Added Tax), Excise duty and Sales Tax. The Tax may be very an awful lot useful for the purchasers in the factors of charge of Taxes this is, we all ought to pay separate tax at country stage and at significant stage for the goods and services bought and after the GST there may be best one tax to be paid for the products and services ate up that's the Goods and Services Tax (GST). This paper brings out about the evaluation of the concepts of GST and its effect on the Indian Economy. Through this paper we may be in a position to recognize about the principles, targets, impact and the implications of the Goods and Service Tax in India.

GST,Imapct On Economy, targets and principles, benefits

"GST &IT’S IMPACT ON ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.600-608, May-2019, Available :http://www.jetir.org/papers/JETIR1905385.pdf

"GST &IT’S IMPACT ON ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp600-608, May-2019, Available at : http://www.jetir.org/papers/JETIR1905385.pdf