Impact Of GST On Consumers With Reference to FMCG Sector

Abstract

After lengthy on marathon sessions and the sessional debates, India's government accepted the Goods and Services Tax (GST) on date July 1, 2017. From decades, the entire country has been anticipating this moment. It is country's most significant tax overhaul since independence. The GST was adopted with the purpose of making the country "one nation, one market, one tax." India's Prime Minister, Narendra Modi, dubbed the GST "The Good and Simple Tax." GST's main purpose is to streamline the country's existing tax structure and development an easy implement tax system. A standardised tax collection system exists in almost every major country on the planet. This taxation structure is well-thought-out.