India is very unique by birth, it is known for good hospitality and eco-friendly business environment for small and big players, according to an RBI survey in India they exist almost nine million SMEs. what you see and hear is not correct sooner or later such a situation emerges and the role of SMEs comes into play, let me clarify this by giving a researcher's estimate that the number of SMEs is behind a large company. That is why the contribution of this sector is directly 7% and indirectly 30% in the economy. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay But since the implementation of GST raises several questions about the very existence of the sector because 70% does not come under the maximum limit of GST, so these are not able to get tax credit. Under the previous tax regime, if your business operated in multiple states, you would have to register for sales tax/VAT with each state's sales tax department in order to do business. The reason that each state had different tax laws complicated the whole process, entrepreneurs had to pay a lot of procedural costs for VAT registration, and an uncontrolled chain of cascading flows began. Under GST, registration is centralized and the rules are uniform for all states in the country. Indian society is a mix of everything, maybe culture, religion and caste, then business. Here small businesses are mostly family-run and large businesses have the same conditions, that's why a shoemaker's son is a shoemaker and a businessman's son is a businessman according to the analysis of economic period, only 10 families collect more than 70% of the business and only 2% of the population shares 58% of the country's assets. Despite such a complicated and uneven distribution of wealth and business, India is known as the land of startups and SMEs. But all small businesses conduct their business very simply, using modern language, on bricks and mortar. So the fairness of implementing GST uniformly in every business accommodates both small and large. Most small business owners don't sleep at night. In my study, I spoke to 100 odd small business owners from Crossing Republic GZB and Greater Noida West and two executives from an invoicing software company who meet close to 100 people every day. And I got very useful information which is an integral part of my studyGST, the biggest tax reform in India based on the concept of “One Nation, One Market, One Tax” is finally here. The movement that the Indian government has been waiting for for ten years has finally arrived. The largest indirect tax regime came into effect, dismantling all interstate barriers to trade. The introduction of GST, in one fell swoop, transformed India into a unified market of 1.3 billion citizens. The idea behind the implementation of GST across the country in 29 states and 7 Union Territories is to provide a win-win situation for all. Producers and traders would benefit from reduced tax filing, transparent rules and easy booking; consumers would pay less for goods and services and the government would generate more revenue. So this article tries to shed light on various aspects of GST and know its probable impact on the Indian economy and its sectors. The data is collected from various secondary sources such as government reports, professional bodies, working committees and also from research papers, articles, news, sessions.