The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 percent of the country’s Gross Domestic Product (GDP) and around 8 percent of the employment. India is the world’s fifth-largest global destination in the retail space.     This publication is prepared by www.PayMyGST.com to give an insight to businesses aiding them to understand Goods and Services Tax (GST) and its impact on retail and related industry.