A complete overview on Goods and Services Tax (GST) of India. What is GST?? Basic Information GST. Here we try to explain the Goods and Service Tax Bill which has received a lot of attention in business and political circles lately. . Here’s how GST differs from the current regimes, how it will work, and what will happen if Parliament clears the Bill. Goods and service tax (GST) will be applicable from 1st July 2017. GST will be one of the biggest taxation reforms to take place in India once the Bill gets the official green signal. The basic idea is to create a single, cooperative and undivided Indian market to make the economy stronger and powerful. The GST will make a significant breakthrough paving way for an all-inclusive indirect tax reform in the country. Complete overview of present tax system: Link : https://www.youtube.com/watch?v=QFehvfAZ-VM&t=1s