IMPACT of GST on Indian Economy
The goods and service tax (GST) is the vast concept that introduced to simplifies the huge taxation policy of the Indian economy to enhance the growth of the industries, entrepreneurs, and economic growth. GST is an indirect tax that is levied at all the stages of the production to bring uniformity. The main reason to introduce the goods and services tax is to reduce the overall tax burden, which is up to 25-30% before GST.