GST (Goods & Service Tax) now came into existence in India, from 1st July the country moved to the new Indirect Tax regime which is a subsume nearly a dozen of central and state taxes. From the point of view of the consumer it will reduce the overall tax burden on goods. There are various exemptions in this tax regime which make it more simpler, from the point of view of the businesses. In the last session in reference of GST in the parliament the Honorable President of India Mr. Pranab Mukherjee quote that " GST is a tribute to the maturity and wisdom of India’s democracy".
There are many things which is cheaper in this tax regime like milk, curd, unbranded honey, scooters, bikes and many more the list is too big. Only the thing is that after implementation of the GST the branded things are costlier as before. But now the GST came in India it is a proud moment for us that the world largest democratic nation has its own tax regime which included all the indirect taxes of central and state taxes in a one tax