ABSTRACT
The introduction of the Goods and Services Tax (GST) in India on July 1, 2017, marked a significant reform in the Indian taxation system. GST aimed to simplify the complex tax structure, enhance compliance, and create a unified national market. This paper explores the impact of GST on various sectors, its effect on the economy, compliance requirements, and challenges faced during implementation. The study concludes that while GST has streamlined tax processes and increased transparency, certain challenges remain in terms of compliance costs and state-level revenue impacts.
