<h1>India to Implement GST: A Unified Tax System Replacing Complex Indirect Taxes, Boosting Economic Growth and Simplifying Compliance.</h1> The Goods and Services Tax (GST) is set to replace the complex indirect tax structure in India by introducing a unified tax system. Currently, the division of fiscal powers between the Central and State governments leads to multiple indirect taxes, causing tax cascading and inflated prices. GST will allow both the Centre and States to levy taxes on the supply of goods and services, with input tax credit available at each stage of value addition. This will eliminate tax on tax, simplify the tax regime, reduce production costs, and enhance competitiveness. GST aims to create a seamless market, improve compliance, and support economic growth.