Vol. 5, Issue 1, Part F (2019)

Abstract
Indian government introduced the Goods and Services Tax on 1st July 2017 on the backdrop of One Nation One Tax and abolished multiple taxes that were there before the implementation of GST like Value Added Tax, Service Tax, etc. The implementation of GST is being taken as a historic step where 1300 goods and 500 services are covered. On one side where government and other different key stakeholders are looking at GST with positivity on the other side there are different set of persons that are looking at GST negatively. So, the present paper is trying to analyse that what has been the impact of GST on the different key sectors of India and further to analyse that whether there has been any change in the post-GST regime in compare of pre-GST regime with regard to Indian economy in general and market in particular. For this purpose, the FMCG index, realty index, auto index, bank index and both BSE and NSE closing index prices have been taken in order to cover all round market situation after the implementation of GST for the period starting from 1st July 2016 to 30th June, 2018. Descriptive statistics and t-test has been analysed. It has been observed from the results that during the post-GST period, the economy has observed negative sentiments, specifically in relation to the major sectors like FMCG, realty, auto, bank and of course the stock market too. Therefore, it is observed that even after one year of implementation of GST, the major market participants like FMCG, realty, auto sector, banks and stock markets have not get settled till now.