This paper seeks to explore the Role of GST in Revenue Generation for Emerging Economies. The Goods and Services Tax (GST) has emerged as a pivotal reform in revenue generation for emerging economies, providing a streamlined and efficient tax framework to bolster fiscal stability. GST, a value-added tax levied on the consumption of goods and services, consolidates multiple indirect taxes into a single system, which simplifies compliance and enhances revenue collection. This unified approach broadens the tax base by including a wide range of goods and services, thereby capturing a larger segment of economic activity compared to traditional, fragmented tax systems. One of the primary benefits of GST is its ability to improve tax compliance and reduce evasion. By offering a single, clear set of rules and allowing businesses to claim input tax credits, GST reduces the complexities and costs associated with multiple tax regimes, encouraging more businesses to formalize their operations. This formalization not only increases the taxpayer base but also enhances transparency and administrative efficiency. GST also promotes economic stability by providing a more predictable and stable revenue stream. Unlike traditional systems that may rely on volatile sources, GST's broad-based nature ensures a more consistent flow of revenue, supporting government budgets and reducing dependency on external borrowing. Furthermore, GST facilitates trade by removing tax barriers for exports and streamlining cross-border transactions. This support enhances the competitiveness of domestic products in international markets, fostering economic growth. In conclusion, GST plays a crucial role in revenue generation for emerging economies by simplifying the tax system, broadening the tax base, enhancing compliance, and stabilizing revenue flows. Its implementation drives economic efficiency and supports sustainable development by creating a more equitable and transparent tax environment.