| Abstract | Abstract
The introduction of the Goods and Services Tax (GST) marked a major structural reform in India’s indirect tax
system. By replacing multiple central and state taxes with a unified tax framework, GST aimed to simplify
taxation, promote formalization, and improve economic efficiency. This chapter examines post-GST economic
changes with a specific focus on sectoral growth patterns and the challenges faced by small businesses. The study
highlights how GST has influenced manufacturing, services, and trade sectors, while also assessing compliance
burdens, digital adaptation, and cost pressures on micro and small enterprises. The chapter concludes that while
GST has supported long-term economic integration and transparency, targeted reforms are necessary to ensure
inclusive growth for small businesses.
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