Goods and Services Tax (GST) is a backhanded tax all through India to supplant taxes collected by the focal and state governments. It was presented as The Constitution (One Hundred and Twenty Second Amendment) Act 2016, after the entry of Constitution 122nd Amendment Bill. The GST is administered by GST Council and its Chairman is Union Finance Minister of India - Arun Jaitley.
Presentation of Goods and Services Tax (GST) is a stage in the change of aberrant taxation in India. Amalgamating a few Central and State taxes into a solitary tax would moderate crusading or twofold taxation, defoliating a typical national market. The effortlessness of the tax ought to prompt less demanding organization and authorization. From the purchaser perspective, the greatest favorable position would be as far as a lessening in the general tax load on goods, which is as of now assessed at 25%-30%, free development of goods starting with one state then onto the next without halting at state outskirts for quite a long time for installment of state tax or section tax and decrease in printed material to an expansive degree.
GST is relied upon to be relevant from 1 July 2017.