The multi-staged tax structure has charges from the State and Union governments separately,leading to cascading effect of taxes. There are taxes at different rates and at multiple points.The GST is an indirect tax which means that the tax is passed on till the last stage wherein itis the customer of the goods and services who bears the tax. This is the case even today for allindirect taxes but the difference under the GST is that with streamlining of the multiple taxesthe final cost to the customer will come out to be lower on the elimination of double chargingin the system. GST is a transparent Tax and also reduces the number of indirect taxes. WithGST implemented a business premises can show the tax applied in the sales invoice.Customer will know exactly how much tax they are paying on the product they bought orservices they consumed. GST will not be a cost to registered retailers therefore there will beno hidden taxes and the cost of doing business will be lower. This in turn will help businessbeing more competitive. The consumer will get the end-product at cheaper rates because ofelimination of multiple taxes and the tax cascade. An attempt is made to spot light theimportance of Goods and Services Tax in India.