IMPACT OF GST ON INDIAN ECONOMY - A STUDY

GST The Indian tax has an important place in the framework. The goods and services tax is a
type of indirect tax. Which has been applied to the supply of all goods and services from
manufacturer to consumer. GST The law has removed many indirect taxes which were in India.
GST was first launched in France in the world. In India the implementation of GST has begun on
1st July, 2017. There are three major types of GST taxes in India. CGST, SGST / UGST and IGST.
The research presented presents a study on the impact of GST on the Indian economy. How GST
has impacted sales of goods and services. Explained its effect on production cost of goods etc. The
resources presented include GST in India. The gradual development of the law is discussed. This
research focuses on the GST sequence development, how it works. It has also been presented about
the impact it has on the Indian economy.