GST in India: Indirect Tax Law, Structure & Compliance Simplified - Taxscan

The Goods and Services Tax (GST) is India’s most important indirect tax reform, introduced on 1st July 2017 after nearly two decades of deliberation. It replaced a complex system of excise duty, VAT, and service tax, creating a unified framework under the principle of “One Nation, One Tax.” GST is a comprehensive, multi-stage, destination-based tax levied on every value addition in the supply chai…