India’s GST Act

India’s Goods and Services Tax (GST) Act is a comprehensive indirect tax law designed to unify the country’s complex tax structure into a single, nationwide system. It replaces multiple taxes levied by central and state governments with a single, streamlined tax on goods and services. GST is collected at every stage of the supply chain, but only the end consumer bears the final cost. It aims to simplify taxation, reduce tax evasion, and promote economic growth by creating a common national market with consistent tax rates and procedures.