Abstract

GST the biggest reform in indian system of taxation was applied all over the country since 1st july ,2017.
It is a unified system of taxation. Now with GST like most of the other countries of the world ,our country
also has a world class tax structure. The motive of GST is to remove the multiple taxes that are leived on
the goods and services and replace it with one single tax , gst. There will be many reforms in different
sectors of the economy after the implementation of gst .The present paper is an attempt to know the pros
and cons of gst on the economy