Abstract: GST, the most significant tax restructuring in India's indirect tax system since the economy has begun
to be opened up twenty-five years ago, at last looks set to become a reality. GST is Unified taxation system and one of the most significant tax reforms in India. GST has become the new dawn in the tax regime. GST is a single tax which makes one single common market for all. That introduced GST will foster common market and contribute to the growth of GDP. It is also considered to reduce the production cost and inflation in the economy, so it becomes Indian trade and industry will be more competitive in between the states and internationally. This paper presents an overview of GST, understands the concept of GST, and e features of GST, Registration process of unique GST Identification number. The article is more focused on basics of GST, advantages and its impact.
Keywords : Goods and Service Tax (GST), the Registration process of GST, GSTIN,
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