GST and its Impact on Indian Economy

The enforcement of Goods and Services tax was for long -term benefit. There were very few sectors that received an immediate benefit from the implementation of Goods and Services Tax (GST). The long-term benefit requires the patience of citizens. Where one sector in the country faces a positive aspect, on the other hand, the other sector faced the negative aspect. It is very important to know how and to whom the Goods and Services Tax (GST) had impacted. In a country where the population is 133.92 cores, [Source: World Bank, United States Census Bureau], implementation of a new tax regime was not less a big hurdle. It was required that the authority first understands the concept then it will be easy for the citizens to implement the concept of “One Nation One Tax”.