Impact of GST on Sustainable Business

Abstract: The Goods and services Tax is the indirect taxation system which replaced all other indirect taxes and introduced the concept of “One Nation, One Tax”. GST has varied impacts and a greater effect on the Indian economy. Sustainable Business also known as green business is the one which has lesser or nil negative impact on environment and on the other hand has positive effect on environmental development. It is generally over the environment, social and governance fields. The steps taken towards maintaining sustainability in an organisation involves many strategies. Sustainability Reporting includes the disclosure of an organisation’s goals towards a green environment. The financial strategy is one of the key strategies driving business decisions towards sustainability. GST plays a very important role in implementing sustainable business in any organisation. Key words: GST, Economy, Sustainable Development, Environment, Business