This document discusses the Goods and Services Tax (GST) implemented in India. It provides information on the structure of GST including CGST, SGST, UTGST and IGST. It outlines the benefits of GST such as reduction in cascading taxes, overall reduction in prices, and creation of a common national market. The limitations of GST are also noted, such as the increase in compliance costs and the exclusion of petroleum and liquor from the tax regime. In conclusion, GST is presented as an important step towards comprehensive indirect tax reform and economic integration in India.