Published Paper Details:

The Goods and Services Tax (GST) is a big reform policy in indian taxation make one country-one tax. It is another part that expected to provide the much needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and services. GST or Goods and Services Tax is considered to be a game changer in Indian Economy. Tax policy, expenditure policy, investment or disinvestment methods and debt or surplus management is that the core basis of the fiscal policy. Fiscal policy is a major element of government policy to Raise Revenue through Taxation. That means It is directly affects the monetary resources power within the hands of the general public. In economics and political science, fiscal policy is the use of government revenue collection (like taxes) & expenditure to influence the economy. Once the government changes the amount of taxation & government disbursement. The fiscal policy will be accustomed stabilize the economy over the course of the fluctuation. Now the economy of India is doing well performance in many sectors to increase their economic growth as well as social & political issues balancing in country level. Any one can compare with other major economic power countries at this point, but some time a country faces slowdown situations of economic point. More countries like China, South Korea and others, these countries maintained their growth rates on the same position of development.