Today in India, tax policy is undergoing a sea transformation. Taxes are a major revenue generator for the government and a critical factor in economic expansion. A taxation system is a set of rules and regulations for calculating and collecting taxes. India's constitutional provisions have resulted in a sophisticated tax system in which the roles of the federal and state governments and municipal governments are clearly defined. To create a single market, the planned Goods and Services Tax (GST) aims to remove tax barriers across states. "With the implementation of the GST, the numerous indirect taxes that are now assessed at various points in the production, trade, etc. GST fosters the growth of a single national market and reduces the multiplicative effect of several taxes by standardizing the taxing of goods and services. Researchers and policymakers have long been curious about the impact that alterations to the current system of taxing individual income might have on the growth of the economy. As a result, the purpose of this research is to examine how the “Goods and Services Tax (GST)” has altered the functioning of the economy of the nation.

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Keywords: GST, Tax, Economy, Growth.