GST Reforms in India : A Pathway of Sustainable Development To Viksit Bharat @2047

GST Reforms in India : A Pathway of Sustainable Development To Viksit Bharat @2047 Saumya Ranjan Goods and Services Tax (GST) is regarded as the most significant reform in the Indian taxation system. It is comprehensive and consolidates multiple indirect taxes that levied and collected by both the central and state governments. This tax is levied uniformly across India. GST is implemented in July 1, 2017. It is first reform in the Indian Economy. In reform, 2017 the GST tax are 5%, 12%, 18% and 28% slabs. This next generation GST reform is implemented in September 22, 2025. In this simplified GST : 2.0 taxes are 5% (merit rate) and 18% (standard rate) slabs. So, more than 99% of goods and services under GST regime are in two simplified slabs. Only 01% of demerit goods and sin goods are under 40% slab. GST Reforms have very useful impact on MSMEs, Start-ups , Entrepreneurship and Exports of India. So that it is a pathway of sustainable development to Viksit Bharat@2047.