Abstract
The implementation of Goods and Services Tax has impacted various services differently. In case of the IT sector, it has eradicated the cascading taxes and abided by the policy “One Tax One Nation”. It has made things clearer for online software selling companies as it distinctly talks about products and services. It incurs fewer costs to service providers. Cost of input machinery has dropped. However, now the companies have to register in all the states it wants to operate in and pay CGST. This also means that filing returns and accounting becomes difficult to manage due to decentralization registration. Although there wasn’t much benefit in terms of the cost but there were some other benefits that are discussed in the paper.
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