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Abstract
Goods and Services Tax is a unified taxation and the biggest ever tax reforms in India which has ended multiple taxation across the states throughout the country similar to developed nations. It is a multi-stage destination-based tax which is collected at every stage, starting from procuring the raw material to selling of final product. The credit of taxes paid at the previous stages is available for set-off at the next stage of supply. There are various doubts regarding goods and services tax (GST) in the Indian market. The government has categorized around 1211 items under various slabs based on their GST rates. The present research paper is an
attempt to study GST rates and its implications in Indian economy.