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Abstract
Goods & Services Tax is a comprehensive, multistage, destination-based tax that will be levied on every value addition. Goods and Service Tax (GST) implemented in India to bring in the ‘one nation one tax’ system, but its effect on various industries will be slightly different. The first level of differentiation will come in depending on whether the industry deals with manufacturing, distributing and retailing or is providing a service. The success of any social scheme or program is analysed through its power to transform the lifestyles and welfare state of human beings and their ability to reduce inequality in the society and contribute to country’s growth. Our policy makers have deliberated a sequence of taxation to curb on this problem which we have been facing since independence. The present paper focused on explaining the concepts of GST and its economic growth of India. Then it discusses the problems faced by the country with respect to its implementation and economic strategies in India.