A Study on Impact of GST

GST: merchandise and repair Tax may be a comprehensive tax levy on manufacture, sale and consumption of products and services. GST is termed as biggest tax reform In Indian Tax Structure. it'll not be an extra tax, it'll embrace central excise duty, service tax further duties of consumers at the central level, VAT, central nuisance tax, recreation tax, octroi, state surcharge, luxury tax, lottery tax and alternative surcharge on offer of products and services. the aim of GST is to interchange of these taxes with single comprehensive tax, conveyance it all beneath single umbrella. the aim is to eliminate tax on tax. This paper can throw light-weight on GST its options and conjointly impact of GST on costs of products and Services.