• Siju Wills

ABSTRACT :. GST is a single national uniform tax levied across India on all goods and services. In GST, all Indirect taxes such as excise duty, central sales tax (CST)and value- added tax (VAT) etc subsumed under a single regime. More than 150 countries have implemented GST so far. However, the idea of GST in India was mooted by Vajpayee government in 2000 and the constitutional amendment for the same was passed by the Loksabha on 6th May 2015. The bill was passed to implement GST from July 1, 2017 by the Prime Minister of India and his Finance Minister Arun Jaitley. Amidst economic crisis across the globe, India has posed as a beacon of hope with ambitious growth targets, supported by slew of strategic missions like ‘Make in India’, ‘Digital India’, etc. There are many challenges that tax administrations are facing today in terms of complexities of GST rules and regulations and getting access to information for effective tax administration. Given the revenue importance of GST in overall public finance management in India. This paper assess the impact of GST in Indian economy and to provide how the revenue performance of the state

Key Words: GST, GST Compliance, Revenue Assessment of GST, GST Evasion, cascading effect of taxes, taxation reforms

"Effects and Impact of Goods and Service Tax in Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 6, page no.307-312, June-2020, Available :http://www.jetir.org/papers/JETIR2006046.pdf

"Effects and Impact of Goods and Service Tax in Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 6, page no. pp307-312, June-2020, Available at : http://www.jetir.org/papers/JETIR2006046.pdf