The idea behind having one consolidated indirect tax to subsume multiple currently existing indirect taxes is to benefit the Indian economy in a number of ways:
It will help the country’s businesses gain a level playing field
It will put us on par with foreign nations who have a more structured tax system
It will also translate into gains for the end consumer who not have to pay cascading taxes any more
There will now be a single tax on goods and services
In addition to the above,
