Introduction Goods and services tax commonly known as GST is an indirect tax that applies to most of the supplies of goods and services. That is like having a single, combined price instead of many taxes which are usually complex. The collection of GST is done at every point of the production and supply chain, but, the end consumer has to bear the GST incurred.  Under GST, it is almost certain that business entities and other individuals shall enjoy a more improved taxation system, lower taxation rates, and higher government collections. Meaning of good and service tax GST is a type of tax whereby the government levies a tax on the goods that the people purchase and on the services they consume. Think of it like this: For instance, when you purchase something such as a book or a shirt, you add a little extra cash which is in the form of tax going to the government. Whenever you go for a particular service, for example, if you want to get your hair cut, you also have to part with extra cash which is in the form of tax going to the government. This is the money that the government