The Goods and Services Tax (GST), implemented in India on July 1, 2017, represents one of the most significant indirect tax reforms in the country’s economic history. GST replaced multiple central and state taxes and introduced a unified tax system aimed at simplifying tax compliance and promoting economic integration. This research paper examines the impact of GST on Indian businesses between 2017 and 2025 using secondary data sources such as reports from the Ministry of Finance, the Reserve Bank of India (RBI), the Economic Survey, and GST Council publications. The study analyzes GST revenue trends, compliance levels, business efficiency, and sectoral impacts. The findings indicate that GST has increased transparency, reduced cascading taxes, and expanded the tax base, though initial compliance challenges and technical issues affected small businesses. The study also explores future prospects of GST reforms, including rate rationalization and technological integration. The research concludes that GST has significantly contributed to the formalization of the Indian economy and has the potential to further enhance business efficiency and economic growth with continued reforms.
Dnyandeo et al. (Tue,) studied this question.