Is GST really a One nation, One tax system?

GST i.e. Goods and Services tax is a very good initiative taken by the government. GST is added at each step pf the production process but it is refunded for everyone other than the final consumer. The GST on products is divided into 5 slabs, i.e.0%, 5%, 12%, 18% and 28%.

However, GST is not applicable on Petroleum products and alcohol right now. But it is necessary to bring these products under GST to reduce the high prices of petrol.

India has dual GST, Central GST and State GST.

However, it was opposed by the opposition parties because they believed it was virtually same as the earlier system of taxation.

Hello, everyone.

In my point of view, it is one of the many good initiatives taken by PM Modi. It enables us to understand the tax system of India in a more comprehensive way. As you see every day many people caught by CBI raids when compared to the pre-Modi era. I believe these are happening because of GST.