The Goods and Services Tax bill, touted to be India's biggest tax reform, will simplify the current system of taxation. The bill will convert the country into a unified market by replacing all indirect taxes with one tax
Here's all you need to know about India's biggest tax reform
India is adopting a dual GST, wherein the Central GST will be called CGST and state SGST. The main road block is the coordination among states. Centre and states have to come to a consensus on uniform GST rates, inter-state transaction of goods and services, administrative efficiency and infrastructural preparedness to implement the new tax reform.