Paying different forms of taxes has almost become a part and parcel of our lives. Whenever we go out with friends, relatives and family members to have a great time we are always prepared to pay something more than the estimated price. ‘Entertainment tax’ is to be paid us when we go for movies, ‘VAT’ is to be paid by us when we have lunch or dinner at pleasing restaurants while ‘luxury tax’ is to be paid by us when we clear the bills while leaving any hotel after leaving for days over there. So the ‘indirect taxes’ are the excess expenses which we need to bear through thick and thin when we step out of our living nest.

The taxes which are imposed by the Central and State Governments enhances our expenditure every now and then. In 3^rd August, 2016 Rajya Sabha gave nod to the GST Bill which promotes unified tax for the customers rather than paying varied indirect taxes. GST is the short form of Goods and Services Tax .By the term it can easily be understood that it is implied on goods as well as services.

As GST is to be paid on the supply of the goods and services, every supplier has to take the burden of paying it. The tax is being always calculated at the final destination. So those who pay the taxes in the preliminary stages can claim for the refund once the supply process is being done. Thus the receivers being the last persons need to pay the GST all by themselves.

Unlike the other forms of taxes, double charging gets totally abolished in GST which results in the lowering of its costs which is indeed a big benefit for the customers.

Our Indian economy has adapted Dual system GST: Central Goods and Service Tax (CGST) and State Goods and Service Tax (SGST). All the forms of indirect taxes have been included under these two categories helping Indians to pay one tax.

The implication of GST can be a boon for the exporters of goods as the tax is being not charged upon the exports outside the boundaries of India helping them to save a great deal of money and experience smooth business transactions.

So by having a glance on the above mentioned lines it can be concluded that introduction of GST Bill van bring in loads of positive changes in the Indian economy.