GST IMPLEMENTATION IN INDIA: A COMPREHENSIVE ANALYSIS

Abstract

‘The implementation of the Goods and Services Tax (GST) in India represented a watershed moment in the country's tax reform history. This article gives a thorough examination of the GST implementation process, including its goals, problems, and outcomes. This study assesses the impact of GST on several sectors of the economy, including manufacturing, services, and consumer goods, using a comprehensive analysis of literature, official publications, and statistical data. Key features of the GST structure, tax rates, compliance processes, and technology infrastructure are examined to determine their success in accomplishing the aims of simplifying taxation, boosting economic growth, and supporting fiscal consolidation. This report also looks at how firms, taxpayers, and government agencies have adapted to the GST regime. highlighting both the successes and shortcomings encountered during the transition. By synthesizing existing research and offering insights from diverse perspectives, this paper aims to contribute to a deeper understanding of the GST implementation in India and provide valuable lessons for policymakers, practitioners, and researchers in the field of taxation and public policy.