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of <h1>GST to Reduce Consumer Tax Burden by Eliminating Cascading Effects of CENVAT and Service Tax with Continuous Set-Off Chain</h1> The introduction of the Goods and Services Tax (GST) aims to benefit common consumers by eliminating the cascading effects of CENVAT and service tax through a continuous chain of set-off from producers to retailers. This system is more comprehensive than the previous CENVAT and VAT regimes. GST will also subsume major Central and State taxes, and the Central Sales Tax (CST) will be phased out. Consequently, the overall tax burden on goods is expected to decrease, providing financial relief to consumers.
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