Amidst the economic instability going on around the globe, India has managed to pose a beacon of hope and agility with ambitious growth targets and have been constantly working towards the consents of Make in India and Digital India campaigns.

One such undertaking added in the Parliament on 29th March 2017, The Goods and Services Tax (GST) which is an indirect tax, has replaced several chains of indirect taxes levied on every value addition. An online survey of 16000 people has revealed that people are finding GST rate cuts more effective, now that businesses are passing them down reduced prices.

A Peep Through into GST
GST is an indirect tax levied on the supply of goods and services, which was brought into action in order to bring down all the cumulative middle-man taxes. This has removed the bundled taxes like VAT, CST, Service tax, CAD, SAD, and Excise and the cascading effect of taxes. This, in turn, has lowered the burden on common man, as the same product is now available for a lesser price.

GST is mainly technologically driven, which implies that activities like registration, return filing, application for refund and response to notice needs must be done online on the GST Portal, which accelerates the processes.