Goods and Services Tax is an indirect tax used in India on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Tax is included in the final price and paid by consumers at the point of sale and passed to government by the seller. The GST is usually taxed as a single rate across a nation. The foremost objective of GST is to create a common market with a uniform tax rate in India. (One Nation, One Tax, One Market) ii. To eliminate the cascading effect of taxes, GST allows set-off of prior taxes for the same transactions as an input tax credit. Several economists and experts see this as the most ambitious tax reform since independence. The GST tax structure will comprise the Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST) and Integrated Goods and Service Tax (IGST). The four slab tiers of the GST tax structure will be 5 per cent, 12 per cent, 18 per cent and 28 per cent.