Abstract
Cascading and distorted taxes on the production of goods and services characterize indirect taxation, which reduces efficiency and retards economic development. In the current setup, there are a plethora of taxes, but only a small fraction is collected by the federal government (the "Center"). To eliminate this tax complexity and reduce the cost on taxpayers, a streamlined tax like a goods and services tax is required (GST). The purpose of this research is to examine how the Goods and Services Tax has affected business in India. In order to be considered effective, a social plan or programmed must enhance the welfare state, reduce social inequality, and contribute to the growth of the nation. The Goods and Services Tax will significantly alter the current framework of India's tax system, and this article provides a conception of such changes. The Goods and Services Tax (GST) is unique among indirect taxes in that it affects every economic and industrial sector, as far as I am aware. As a federal democratic nation, India implemented the GST simultaneously at the federal and state levels as CGST and SGST. This article set out to do just that, with an emphasis on India and its implementation of Goods and Services Tax (GST). The early effects on the economy and the difficulties the government faced implementing it are then discussed.
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