Abstract: Government of India enforced the Goods and Services Tax in India from September 2017 midnight; it is the big indirect tax reform to the Indian economy having dual tax system with providing contribution to the economy in the form of “Gross Domestic product” in long run. Goods and Services Tax has been introduced to our indirect tax system. Goods and Services Tax (GST) is a comprehensive indirect tax reform in India’s history. It is different in way of levy, collection, and administration, where technology driven - Goods and Services Tax Network as front-end for registration application, filing of return, generation of business intelligence and analytics. Reforms in indirect tax will ensure fruitful benefits to various classes’ of economy.
Council still exit and making several policies and procedures and also it insist to the Government to enforce. So, it is a good sign still there is a lot of changes will appear in GST policies and procedures soon. GST is affordable and most convenient to both the type of assesses, taxpayers, manufacturers, importers, exporters, sellers, buyers and all other users along with government bodies. In this research paper Authors identify the importance of the tax reforms committee’s recommendations, and reviewed the differences of past and present tax reforms in India and finally they procured that the “Goods and services tax is most significant and sufficient tax reforms in indirect tax system of India”. Along with this they contributed some suggestions, findings, challenges of GST after enforced in India.

Keywords: Tax reforms, GST, Reform committees, Input tax credit, GST model.

| DOI: 10.17148/IARJSET.2021.81216