The Goods and Services Tax (GST) is a single tax applied to the sale of goods and services. It replaces multiple indirect taxes, simplifying the tax structure. GST is designed to be transparent and efficient, ensuring that consumers pay a uniform tax rate on products and services across different states or regions. GST is collected at each stage of the supply chain, from production to sale. Businesses can claim credits for the tax paid on their purchases, which helps avoid the issue of "tax on tax." This system aims to promote compliance and increase government revenue while benefiting consumers with lower prices.