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@article{191672,
        author = {MAHESHA},
        title = {Role of GST in nurturing Indian Economy: An Critical Analysis},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {7722-7726},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191672},
        abstract = {India, is a fast-growing economy in the world.  Presently India is emerging as the third largest economy in the world next only to USA and China.  Due to the rapid growth of the urbanization, and globalization India is coming out as the full-fledged economy in the world.  Regardless of its promising growth flight, India wrestles with challenges like unemployment, lack of technology and limited purchasing power of the people it calls for improved economic governance and inclusive growth. Taxation, a critical aspect, has evolved from ancient tolls to the modern British colonial era, ending in the current constitutional taxation system outlined in the Seventh Schedule of the Indian Constitution. The advent of GST in 2017 was a landmark event in the history of Indian Economy, designed to lessen the flowing effect of taxes and promote cooperative federalism. Its bifurcated structure, encompassing CGST, SGST and IGST for intra and interstate transactions, respectively, seeks to simplify tax laws and enhance the ease of doing business. However, persistent challenges such as technical malfunctions, and revenue shortfall necessitate ongoing refinement. This paper explains the diverse impact of GST across various sectors like retail, agriculture, IT, banking, and tourism. It also highlights the crucial role of GSPs in simplifying taxpayer agreement through digital platforms. Moreover, it sheds light on the promising intersection of AI and GST, clarifying AI's potential in data analysis, fraud detection, policy formulation, and taxpayer assistance. Despite its potential, the integration of AI in GST requires a balanced approach, taking into account data quality, security, ethics, accountability, resource readiness, and stakeholder education. In summary, this paper give explanation crosses the historical, operational, and technological dimensions of GST's impact on India's economic landscape, advocating for a harmonious interaction between technological advancements and regulatory necessities in the kingdom of taxation.},
        keywords = {Globalization, Urbanization, Technology, Taxation, Economic Growth, Accountability},
        month = {January},
        }