Impact Analysis of GST Implementation in Various Sectors

Abstract

1^st July 2017 was a landmark day in the Indian history, as the most significant tax reform which was expected to spearhead the Indian economy towards global level playing field and a business changer namely GST was brought into effect. GST has impacted every industry be it an export house or a manufacturer or trader or service industry or public at large.

In GST era, the consumer is in the know of the final indirect tax burden borne by him/her as GST has a transparent taxation structure. In view of the sea of changes brought about by GST, the impact and business analytics have also undergone a transformation which have been briefly brought out in this article.