What is GST(Goods and Services Tax) in India? Complete Guide

The Goods and Services Tax (GST) in India is an all-encompassing, multi-level, destination-oriented tax implemented on the incremental value of goods and services throughout the supply chain. This tax system, which came into effect on July 1, 2017, following the 101st Amendment of the Indian Constitution, aimed to streamline the myriad of indirect taxes previously imposed by both central and state governments into a singular tax framework. The GST Council, led by the Union Finance Minister and including representatives from all states and union territories, oversees the GST regime, ensuring a cohesive tax structure across India.