Evaluating the Impact of Goods and Services Tax on Businesses in Delhi

Abstract

When the Indian government finally enacted the long-awaited Goods and Services Tax (GST) in July 2017, it was received with universal applause for the country's commitment to much-needed improvements to the country's fiscal system. As a result of the fact that India is structured in the form of federal states, a characteristic that has earned the nation a great deal of praise. This economic transition was essential in the process of achieving independence, and its execution requires verification in order to be successful. The primary purpose of the research is to give a macroeconomic evaluation of how much the adoption of GST has enhanced the efficiency of tax administration and, by extension, India's economy as a whole. This evaluation will be provided in the form of a report. This will be done by taking a theoretical approach to the process of introducing innovations. In addition, the purpose of the study was to discover, three years after the modification was implemented, how its numerous components felt regarding the profound transformation.