GST stands for Goods and Services Tax, and it is the most significant tax reform since independence. Which went into effect on July 1, 2017. Many indirect taxes are included. Many industries, enterprises, and corporations will be affected. It's effected  the pharmaceutical industry as well. GST is expected to have a positive impact on the pharmaceutical industry. It eliminates the tax on goods and services, thereby preventing the cascading effect. The Goods and Services Tax (GST) has reduced the number of taxes. It is a solitary tax. GST will lower manufacturing costs, which will benefit the Indian pharmaceutical industry. The National Pharmaceutical Price Authority has issued the necessary instructions to fix drug prices for essential medicines to make them affordable to all. According to the revised list released by the NPPA (National Pharmaceutical Price Authority), the prices of the majority of drugs have decreased, including antibiotics and drugs used to treat cancer, HIV, and diabetes. The purpose of this research paper is to understand the impact of GST on the pharmaceutical industry. To know the effect of GST on the pharmaceutical industry, a study has been done on the effect of GST on the sale of Torrent Pharmaceutical Ltd. An attempt has been made to analyze the effect of GST on the sale of Torrent Pharmaceutical Ltd.

KEYWORDS: Indirect Tax, GST, Pharmaceutical Industry, Torrent Pharmaceuticals Ltd.