IS GST A BOON OR GUILT TO INDIAN ECONOMY? (Pages 122-129) by Ch. Anudeep* and Ms. R. Mounika** in THE INTERNATIONAL MANAGER / ISSN: 2348-9413 (Online); 2348-9405 (Print)

India is a country with slogan of unity and diversity. But now it’s time to slogan all are equal in this country so from this line the government wants to introduce a same tax for a product or service in India. Now it’s the time to realize what GST is and how it effectively work in our country.GST means goods and service tax The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. In this paper it discusses about some of the products and services and sectors that affected by GST and People.India is a country with slogan of unity and diversity. But now it’s time to slogan all are equal in this country so from this line the government wants to introduce a same tax for a product or service in India. Now it’s the time to realize what GST is and how it effectively work in our country.GST means goods and service tax The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government. In this paper it discusses about some of the products and services and sectors that affected by GST and People.Keywords: GST, ITC, Slab rates.