<h1>GST to Simplify Taxes with Single-Rate System, 4-Tier Structure, and Unified Market Across States by April 2017.</h1> The Goods and Services Tax (GST) aims to simplify and reduce the burden of taxation by introducing a single-rate indirect tax payable via debit/credit cards, cheque, and NEFT. This system will facilitate easier access to Input Tax Credit and reduce compliance burdens by unifying the market across states, eliminating many smaller taxes. The government plans to implement GST by April 1, 2017, although issues like jurisdiction over assesses remain unresolved. The GST Council has proposed a 4-tier tax structure with rates of 5, 12, 18, and 28 percent, plus a cess on certain goods.