It’s been a while since the GST (Goods & Service Tax) system was introduced in India to replace all the other indirect taxes such as VAT, sales tax, service tax, etc.
GST is a one-in-all indirect tax system, which means consumers need to pay only one tax during the overall supply chain. It also effectively removes the cascading (tax on tax) system by introducing the input tax credit mechanism of reversing the tax already paid on inputs.
