Main Article Content
Abstract
The slogan “one nation one tax” gained such a significant popularity as some any other famous phrase. With the introduction of goods and services tax the old indirect tax structure of India has undergone major changes and many of the taxes in old tax structure either change or become null. The GST regime addressed towards the critical reform that has taken into account the economical perspective of the country. Levying of goods and services tax has substantial effect on Indian economy and its people. To what extent the GST has affect and in which way meaning hereby either in positive or negative is a matter of debate in the country, however with the accumulation of some facts and references this research paper focus on finding the implications of GST in India, its impacts both positive and negative and possible solutions for bringing improvement in the said tax regime.