The Goods and Services Tax (GST) is a single tax applied to the sale of goods and services in many countries. It simplifies the tax system by replacing multiple indirect taxes, making it easier for businesses to comply with tax regulations. GST is typically collected at each stage of the supply chain, ensuring that tax is paid only on the value added at each step. GST is designed to be transparent and efficient, benefiting both consumers and businesses. It helps reduce the overall tax burden and encourages compliance by providing a clear framework for tax collection. Many countries, including India and Australia, have implemented GST to streamline their tax systems.