GST or Goods and Services tax is a significant indirct tax reform since independence to boost economic growth of the country.GST has emerged as a game changer in the Indian economy. France was the first country to implement GST to reduce tax evasion. Many other countries also adopted this tax system. All around the world, GST has the same concept. In some countries, VAT is the substitute for GST, but conceptually, it is a destination based tax on consumption of goods and services. India has chosen the Canadian model of dual GST, as it has a federal structure where the centre and states both have powers to levy and collect taxes. This paper helps to understand GST in India and other countries of the world. This paper analyse various aspects concerned with it. This paper also facilitates the comparison of GST in India and some other countries of world. 
 
KEYWORDS:  GST, Indirect Taxes, Tax Evasion, Economic Growth, VAT.

Introduction GST is a destination based tax on consumption of goods & services. GST is the biggest indirect tax reform of India. It is a comprehensive indirect tax levy on manufacture, Sale & consumption of goods & services. It is a single tax which is imposed on the supply of the goods and services right from the manufacturer to the consumers. The credits of the Input taxes that are paid at each stage will be available in the subsequent stage of value addition which makes GST essentially a tax only on the value addition on each stage. In the previous tax system there were a number of taxes, few levied by centre and rest by the state. To remove the multiplicity of taxes and reducing the load of consumers as a tax payer a simple tax is imposed that is GST. GST has subsumed 17 different taxes like VAT, Service tax, Excise duty, Octroi etc. GST in India is implemented with the propaganda of “One National, One Tax” to unite different indirect taxes under one umbrella. 

History of GST  Concept of GST is not new to the world as nearly 160 countries have opted GST. France was the first country in the world to implement the GST law in the year 1954. Since then around 159 countries have adopted this system in some form or other. Some of the countries who adopted GST are Canada, Vietnam, Australia, Singapore, UK, Spain, Italy, Nigeria, Brazil, South Corea etc. In India it was the year 2000 When Mr. Atal Bihari Vajpayi, Prime Minister at that time proposed GST. But this landmark moment in the history of modern India comes after nearby 18 years of debates, negotiations among successive central governments from different political partices and states and different interested stakeholders. Finally the GST act was passed in the Lok-Sabha on 29th March, 2017 and came into effect from 1st July 2017. Now it has been one year of implementation of GST act but still GST is the most discussed topic in India.