A STUDY ON GOODS AND SERVICES TAX

Goods and Services Tax (GST) was implemented in 2017 and GST 2.0 was implemented in 2025. GST 2.0 was introduced on September 22, 2025 on the approval of GST Council. GST 2.0 is based on three slabs (5%, 18% and 40%). 5% GST rate applied to essential daily goods, 18% GST rate applied to standard goods and services, 40% slab applied to luxury and sin goods. New GST reforms has significant impact on indirect taxation system. Tax officials and tax practitioners need appropriate training for the proper implementation of new GST rules. The study is based on both primary data and secondary data. Primary data has been collected from the state of West Bengal. Secondary data has been collected from journal articles. Small businesses are facing problems to comply with the rules of new GST reforms. In this paper, an attempt has been made to find out various aspects of Goods and Services Tax.