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Abstract
The fact is that Goods and Services Tax (GST) is a single indirect tax for the whole nation which has made many efforts to make India a unified common market. Actually it is a single text on the supply of goods and services right from the manufacturers to the consumers. It is said that it is a great leap to improve Indian taxation system in the wake of economic reforms in India in the recent years. After the implementation of demonetization, the GST was known as a crucial step to boost through new starts ups in the country. It removed bundled indirect taxes such as VAT, CST, Service Tax, CAD, and SAD etc. In other words it has removed tax on tax. When it is compared to the previous tax structure, it proved to be better for the coming years in India in the perspective of economic dimension. Most of the economist and scholars are agree with the fact that in short term it may have some drawbacks but in long run it will surely boost the Indian economy and control the circulation of Black money in the market. Therefore, the expectation of GST in Indian perspective is known to be beneficial and ultimately a lead to rise in the production of goods and services.