Impact Of GST On Indian Economy

ABSTRACT GST is known as Goods & service tax. it is a indirect tax. GST implemented in india on 1 July 2017. it is replacing a range of pre-Exiting taxes like Vat, service tax, central excise duty entertainment Tax & octroi India, has four types od GST,SGST,CGST & IGST it Is known as four pillars of GST.The GST regime has a laid the foundation for a seamless national market, reshaping india’s tax landscape and driving economic growth. In tis process the GST council has demonstrated flexibility in responding to challenges byFrequently reviewing & amending policies the dynamic approach Allowed for course carreetians ensuring that the tax system envolved to meet the needs of business & the economy & has strengnened the iden of co-opritive federalism in india.