Goods and Services Tax (GST) is an indirect tax (or consumption tax) used in India on the supply of goods and services. Comprehensive, multi-category, area-based tax: broad because it uses almost all indirect taxes with the exception of a few state taxes. As it is multi-stage, GST is mandatory at every stage of the production process, but is intended to reimburse all involved in the various stages of production except the final buyer and as a local based tax, it is collected. From the place of use and not the traditional place as the previous taxes. This tax came into effect on 1 July 2017 through a bill for the amendment of the Indian Republic of India. GST has replaced many existing taxes levied by central and provincial governments. Tax rates, laws and regulations are regulated by the GST Council which includes the finance ministers of the central government and all provinces. The GST is intended to replace joint taxes on a non-compliant tax slide and as a result may restructure the country's $ 2.4 trillion economy, but its performance has met with criticism. GST's encouraging results include travel time in the international community, which has dropped by 20 percent, due to the dissolution of inter-regional checks. India has adopted a dual GST model, which is important for taxes to be administered by the Union and the provincial government. Services performed within a single region are funded by the Central GST (CGST) by the Central Government and the State GST (SGST) by the Provincial Government. For transactions between provinces and imported goods or services, Integrated GST (IGST) is levied by Central Government. In this paper we will examine the effect of the VAT on the Indian economy after the implementation of the GST whether the Indian economy has really grown or not.

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Keywords: Indian Economy, Indirect Tax, Goods and Service Tax, VAT, Area-Based Tax.