The research paper explains the urgency of adopting GST (Goods and Service Tax) in India. The implication of GST benefits India from all prospects. The current multiple tax regimes are widely criticized by all the sectors of people. Most administrators and producers disparage the existing tax law because of its complexities, administration and compliances costs. They believe that its replacement by GST would not only be desirable but also imperative in the emerging economic environment and will make the tax procedures more fair, transparent and efficient. The study was done to find out the opinion of the population of Indore about the features and benefits of GST. The study is empirical in nature. Primary data was collected from 184 respondents of Indore, through a structured questionnaire. The respondents were from different age groups and sectors of occupation. Factor analysis was applied to identify the dimensions of GST. The factors of GST identified were future prospects, beneficiary Tax system, brighter economy, comprehensive tax and positive acceptance. They explain GST implication to be a good decision in India, which will be successful in future.
Good and Service Tax, Future prospects, Beneficiary Tax system, Brighter economy, Comprehensive tax, Positive acceptance
