The concept of Goods and Service Tax popularly known as GST was introduced on 1^st July, 2017. The GST will have a ‘dual’ structure, which means it will have two components- the Central GST and the State GST. GST is expected to simplify tax administration, ensure ‘Ease of Doing Business’ and promote ‘Make in India.’ On bringing GST into practice, there would be amalgamation of Central and State taxes into a single tax payment. It would also enhance the position of India in both, domestic as well as international market. At the consumer level, GST would reduce the overall tax burden, which is currently estimated at 25-30%.