<h1>India Unifies Market with GST: Simplifies Compliance, Reduces Tax Cascading, and Enhances Competitiveness Nationwide.</h1> The Goods and Services Tax (GST) is an indirect tax aimed at creating a unified national market in India by subsuming various Central and State taxes. It will simplify compliance through a comprehensive IT system, reduce tax cascading, and enhance competitiveness. GST will be administered as Central GST (CGST) and State GST (SGST), with Integrated GST (IGST) for inter-State transactions. The system allows for seamless tax credits across the value chain. The implementation involves a robust IT infrastructure managed by the GST Network (GSTN), facilitating online registration, return filing, and tax payments. The GST Council will oversee tax rates and exemptions.