<h1>GST Simplifies Tax System in India: Replaces Multiple Indirect Taxes, Offers Input Credit, and Eases Compliance for Businesses.</h1> The GST (Goods and Services Tax) is a comprehensive tax levied on the supply of goods and services, replacing multiple indirect taxes in India. It applies to all supplies made for consideration, except alcohol for human consumption, certain petroleum products, electricity, and real estate transactions. GST is a dual levy comprising Central and State taxes for intra-state supplies and Integrated Tax for inter-state supplies. Businesses must register for GST if their turnover exceeds specified limits, with simplified compliance processes including electronic registration and filing. The tax system allows for input tax credit and follows a destination-based consumption tax model. Special provisions exist for small taxpayers under a composition scheme, and specific guidelines are provided for job work, registration, tax invoices, and transitional credit.