With the objective of achieving "One Nation, One Tax," the Indian government enacted the Goods and Services Tax on July 1, 2017, a dramatic shift in the country's indirect tax system. The Goods and Services Tax (GST) is a national indirect tax that applies throughout India and creates a unified market. The Goods and Services Tax (GST) is only collected at the time of purchase, in contrast to the indirect tax system that is widespread across the nation. However, many in our society have other reasons for rejecting the most recent tax plan. The Goods and Services Tax (GST) has had an impact on almost every major and minor economic sector in the nation. The basic objective of the GST is to create a single tax from producers to retailers. India has the highest retail capacity per person in the world and is rated sixth in terms of most popular shopping places. The GST replaced a wide variety of taxes formerly levied by federal and state governments. Taxes on GST are collected on a progressive scale that ranges from 0% to 28%. There are five distinct tax bands (5%, 12%, 18%, and 28%). The GST Council, which includes both the central government and the finance ministers of all the states, is in charge of setting the GST's rates, rules, and regulations. In this article, we examine the possible benefits and downsides of the GST system from an Indian viewpoint, as well as the effects of GST on Indian enterprises and the Indian economy. This article makes an effort to examine the impact of the goods and services tax on the Indian economy. The study's secondary objective is to learn how the GST has impacted the economy, both positively and negatively.

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Keywords: GST, GST Council, Economy, Indirect Tax.