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After being put into effect in July 2017, the Goods and Services Tax (GST) simplified India's tax code by creating a single, unified system in place of several indirect levies. By reducing the tax burden on enterprises, this simplicity enhanced compliance and attracted foreign investment. Lower manufacturing costs, lower consumer pricing, and higher consumer spending all contributed to economic growth. This was especially the case when it came to lower logistical costs and the elimination of cascading taxes. Under the GST, effective tax collection and transparency were enhanced, and tax evasion was reduced through online filing and digitization. Despite the progress made, there are still obstacles to overcome, especially concerning SME concerns, the intricacies of the multi-slab GST structure, and the continuous endeavors of the GST Council to simplify compliance and rationalize tax rates. All things considered, the GST has a huge impact on India's economy, improving compliance, encouraging growth, and streamlining taxation. To fully realize its potential as a catalyst for economic growth, it must continue to be refined as it continues to evolve to support India's economy.