My paper is a brief description of the historical scenario of Indian taxation and its tax structure. Goods and services tax can be a new story of VAT that provides a comprehensive setoff to reduce input and absorb many indirect taxes from state and national levels. The development of GST has been discussed in detail in my paper as background, silent features, problems, state efforts, etc. The implementation of GST in India is predicted to drive efficient allocation of production items resulting in gains in GDP and exports.

KEYWORDS:  Value Added Tax, Central Value Added Tax, Goods and Services Tax, GDP.