GST or Goods and Services Tax is a single indirect tax that is applied to the goods and services you buy or sell in India. It has been designed to simplify the taxation system and make it more transparent for all, eliminating a range of indirect taxes, cascading taxes and evasion of taxes. This comprehensive tax is levied on the supply of goods and services at each stage of the supply chain, from manufacturing to consumption, based on the value addition and the destination.