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@article{189706,
        author = {Sujal Pandey and Rahul sharma and Rohit Asapure and Sherwin kunnatholy},
        title = {Gst and it's impact on Indian business},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {33-43},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=189706},
        abstract = {The introduction of the Goods and Services Tax (GST) in India on 1 July 2017 marked one of the most significant economic reforms since independence. Designed under the principle of “One Nation, One Tax,” GST replaced a fragmented system of indirect taxation with a unified, destination-based tax structure. This research paper examines the structural evolution of GST and its multifaceted impact on Indian businesses up to December 2025. Using secondary data from government publications, GST Council reports, industry studies, and economic surveys, the study adopts a descriptive and analytical methodology to assess GST’s influence on business operations, compliance behavior, supply chains, formalization, sectoral growth, and overall economic efficiency.
The findings reveal that GST has substantially reduced tax cascading, improved logistics efficiency, expanded the tax base, and accelerated the formalization of the Indian economy. However, the reform has also imposed compliance and liquidity challenges, particularly for micro, small, and medium enterprises (MSMEs). The transition to GST 2.0 during 2024–2025, characterized by rate rationalization, technological integration, and judicial strengthening, represents a maturation phase aimed at addressing structural inefficiencies. The study concludes that while GST has significantly improved India’s business environment in the long run, targeted policy refinements are essential to ensure inclusive growth and ease of doing business.},
        keywords = {Goods and Services Tax, GST 2.0, Indian Business, Tax Reform, MSMEs, Formalization, Supply Chain Efficiency},
        month = {January},
        }