<h1>India Introduces GST on July 1, 2017, Overhauling Indirect Tax System with Central and State Dual Tax Structure.</h1> The Goods and Services Tax (GST) was introduced in India on July 1, 2017, marking a significant reform in indirect taxation by consolidating multiple taxes into a single system. This aimed to reduce the tax burden on goods, enhance competitiveness, and stimulate economic growth. The GST framework involves a dual system where both the central and state governments levy taxes on a common base. The GST Council, comprising central and state finance ministers, oversees the tax's structure and rates. The implementation required constitutional amendments and the establishment of a robust IT infrastructure to facilitate registration, payment, and return filing.