• Deepika Gupta

Reform in Taxation System has become necessary for Growth & Development of country. Tax Rates have been reorganized with simplifying in Tax laws that results in better compliance, ease in tax payment & better enforcement. So, GST Act, 2017 announced by the Government of India to bring drastic change in Indirect tax system with providing motivation to Manufacturing and Services Sector to supply Goods & Services at reasonable price to consumers. A brief analysis has been made on the highlights of the provisions of GST Act, 2017. There are so many challenges that are going to be faced while implementing this Act. In this Research paper, the focus to identify the importance of tax reform in India, Suggestions, Challenges of GST after enforced in India. The Objective of the paper is to study the concept of Goods and Services Tax (GST), the impact of GST on Indian Economy and Challenges are going to be faced in India while implementing. The findings of study show the impact of GST on transforming Tax Revenue system. It is a step ahead to improve economy in various sectors such as manufacturing, services, Govt., etc. We can learn about various provisions related to CGST with the help of this paper. For this research paper data has been collected from various secondary sources i.e., journals, reports, print media, periodical magazines, official Gazette and various government websites, etc. From my side, this paper can create awareness about the topic so that it can be a step to enable the country progressive.

Tax Reform, GST, Indirect tax, Economic Growth, Tax Revenue.

"Tax Reforms and GST: Overview, Implementation, Challenges in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.d118-d124, March-2023, Available :http://www.jetir.org/papers/JETIR2303312.pdf

"Tax Reforms and GST: Overview, Implementation, Challenges in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppd118-d124, March-2023, Available at : http://www.jetir.org/papers/JETIR2303312.pdf