• Anchal Jamdagni

A long awaited reform has become a reality in India on 1st July, 2017. Companies and business organizations used to pay number of indirect taxes like excise duty, customs duty, central sales tax, service tax levied by central government and VAT, entry tax and octroi etc levied by state government. GST is going to consolidate these multiple taxes into one as ‘One Nation, One Market, and One Tax’. Integration of goods and services tax would definitely lead to ease of doing business and simplifies tax compliance. As it is going to reduce layers to taxes definitely leads to boosting tax collection. GST aimed at creating unified market benefiting both corporate and economy. Several countries have implemented this tax system; France is the first country to introduce GST. This paper concentrates on benefits of GST and its effects on different sectors like automobile, FMCG, banking, insurance, financial services, Pharmaceutical sector, agriculture, real estate, Consumer durables, oil and gas, cement, telecom, real estate, airlines and gold. The findings of the paper revealed mixed effect on different sectors of the Indian economy.

Goods and Service Tax, Indirect taxes, Sectors, Effects, Benefits.

"Analysis of impact of Goods & Service Tax on Various Sectors in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.687-693, June 2019, Available :http://www.jetir.org/papers/JETIR1906Z95.pdf

"Analysis of impact of Goods & Service Tax on Various Sectors in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp687-693, June 2019, Available at : http://www.jetir.org/papers/JETIR1906Z95.pdf