The Goods and Services Tax (GST) has largely modified the Indian tax regime, initiating uniformity as well as clarity across industries. The purpose of this study is to examine how the implementation of GST has been affecting financial report presentation practices by organizations. Through the research, the research unravels ways in which transitioning to GST impacted accounting processes, compliance rules, and the style of presenting accounts. It also examines the issues that businesses experience in conforming to the new system, for example, having accurate input-output records, reconciling tax credits, and return filing on a timely basis. The research draws upon primary as well as secondary data sources such as financial reports, interviews with accountants, and regulatory frameworks. Findings indicate that although GST has facilitated indirect taxation and enhanced standardization of reporting, it has also raised the demand for robust accounting systems as well as well-trained personnel. The paper makes conclusions with a view to maximizing the efficiency of financial reporting in the GST system.