Goods and Services Tax (GST) is India’s comprehensive, destination-based indirect tax that has replaced multiple cascading taxes previously levied by the central and state governments. GST unifies the Indian market, ensuring ease of doing business by subsuming taxes like VAT, Service Tax, Excise Duty, and more into a single tax regime. It promotes transparency, improves compliance, and eliminates the tax-on-tax effect, resulting in lower costs for businesses and consumers alike. Businesses must register under GST, file regular returns, and maintain accurate records. Staying updated on GST amendments is crucial for avoiding penalties and ensuring smooth, compliant operations.