The greatest indirect tax change to take place since independence is the Goods and Services Tax. With a single uniform tax rate applied to a variety of goods and services, it has consolidated many taxes. Value addition is subject to a thorough, multistage, uniform single tax rate at each step. The Goods and Services Tax was established on July 1st, 2017. It views this as a crucial step in the nation's economic development. Business in India was particularly difficult because of the many levies that were in place. The implementation of GST will bring maturity and transparency to the Indian industry. The fundamental idea of GST, its characteristics, and the effects of GST on the Indian Economy (several sectors of the Indian Economy) are covered in this article.

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Keywords: Indirect Taxes, The Indian Economy (Agriculture, Industry, Services), Goods & Services Tax.