• Dr.D.MARUTHI PRASAD

This study is intended to access the Impact of GST in India economy. This is the biggest tax reform that took place in India which was founded on the notion of “one nation, one market, one tax”. The main objective of GST scheme is reforming the indirect tax and as well dismantling all the inter-state barriers with respect to trade. The study is going to examine how the reform process of the indirect tax started in India which gave birth to the current GST scheme we have today. The Objectives and benefits of the Goods and service tax will be stated in the study and a detailed description of how GST works and operate in India will be discussed. GST is known to be a type of Value added Tax which is imposed on various goods and services, with that, several countries impose it on goods and services in various forms, and the taxes charged on the goods and services differ amongst countries, in that case the study will discuss the main characteristics of GST in India. The study will also examine the advantages and disadvantages of implementing GST and also the impact of GST on the final consumer.

KEY WORDS: Indirect tax, GST, final consumer, India

"A STUDY ON GOODS AND SERVICE TAX AND IT’S IMPACT ON INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.218-224, June 2019, Available :http://www.jetir.org/papers/JETIR1906T26.pdf

"A STUDY ON GOODS AND SERVICE TAX AND IT’S IMPACT ON INDIAN ECONOMY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp218-224, June 2019, Available at : http://www.jetir.org/papers/JETIR1906T26.pdf