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Goods and Services Tax (GST) is one of the most significant tax reforms introduced by the Indian government in recent years. GST has replaced multiple indirect taxes at the national level, and it aims to bring the entire country under a uniform indirect taxation regime. The impact of GST on the Indian economy has been immense in both positive and negative ways, with several pros and cons. On the positive side, the implementation of GST has led to the simplification of the taxation system, and it has reduced the burden of compliance for the business enterprises. The single tax regime has brought transparency and accountability, thereby reducing corruption and black money. It has also boosted exports by improving the competitiveness of Indian goods in the international market. On the negative side, the immediate impact of GST was an increase in prices, which led to a temporary slowdown in the consumption and production sectors of the economy. The small and medium enterprises (SMEs) faced challenges in transitioning to the new tax regime, and it affected their business operations. The impact of GST on the unorganized sector of the economy remains a concern, as they are still struggling to comply with the new tax rules