GST is a destination based indirect tax which has replaced several other indirect taxes earlier levied in the country.

• GST is also a value-added tax levied on goods and services. The GST is paid by consumers (who buy goods), but it is remitted to the government by the businesses (who sell goods) selling the goods and services.

• Goods and Services Tax is the biggest indirect tax reform as it is a single tax levied on supply of goods and services. It is applicable as 5%, 12%, 18% and 28%.