GST@8: A Journey of Transformative Reform in India’s Fiscal Landscape

Author(s)	CMA (Dr.) Raghabendra Ray
Country	India
Abstract	Since its introduction, GST has strengthened India's revenue and expanded the taxpayer base, with collections reaching a record Rs 22.08 lakh crore in the FY 2024–25, as stated by PIB. It replaced the complicated, multi-layered indirect tax system with a less-complicated, One-Nation-One-Tax Model. It made tax compliance easier, reduced costs for businesses, and allowed goods to move freely across states. The eighth anniversary is an appropriate time for reflection on the key milestones, policy achievements and transformative changes under the GST law. Proactive engagement with industry has shaped a responsive tax policy framework, aided by timely clarifications. This has contributed to the resolution of several disputes and minimised litigation. The journey has shown steady and positive momentum, marked by increased stakeholder confidence, improved compliance maturity and stronger alignment. It has positively influenced business operations, particularly through compliance digitisation, supply chain optimisation and enhanced pricing competitiveness.
Keywords	GST, NSDP, REVENUE, CONSUMPTION
Field	Sociology > Administration / Law / Management
Published In	Volume 8, Issue 5, September-October 2026
Published On	2026-09-22
DOI	https://doi.org/10.36948/ijfmr.2026.v08i05.88235

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