Since its launch to create 'One Nation, One Tax, One Market', Goods and Services Tax (GST) has been a cause of celebration as well as a source of worry for the stakeholders. In light of this assessment, assess the performance of GST.

The Goods and Services Act was enacted in 2017 under 101st Constitutional Amendment. It provided for a single tax regime for an country marked by a value-added destination-based tax. Performance of GST Success of celebration (1) Expanded the tax net and from initial 64 lakh firms to 1.3 crore firms paying GST (2) Remained multitude of taxes and reduced them to mere 4 tax slab of 5%, 12, 18, 28

present. (3) Increase the efficiency of logistics by away of e-way bill, doing away with border check post. (4) Increased transparency in taxation by launching GST portal Network (5) Increased government-revenue mobilization (Eq.) from 0.98 lakh crore of indirect GST collection in 2017 to highest ever 1.69 lakh crore in April 2022 However GST also sometimes became a source of worry for stakeholder: (1) High GST rate on essential items such as biscuits charged at 18%, increased inflation (2) Glitches in GST-Network issue

In consequence. (3) Difficulty in claiming input tax credit on GST related fraud with use of fake bill have caused loss of revenue. (5) Hence like electricity, petrol, alcohol outside the ambit of GST, a tax system as wide as GST is bound to face certain hurdles, allowed a collaborative effort of all stakeholders, cooperative federation in GST council can overcome such hurdles smoothly.