The path of GST began in 2000, when the Atal Bihari Vajpayee government initially considered investigating GST opportunities in the country. 14 years later, the possible GST Bill benefits were revisited, eventually leading to GST being the law of the nation with the President's assent on September 8, 2016. GST, like any other adjustment, has advantages and disadvantages. Nonetheless, it is believed that in the long run, there would be major GST benefits for both the average man and the business community. Because the same tax rate applies across the country, GST effectively dissolves state boundaries. The elimination of Central Sales Tax (formerly levied on inter-state transactions) and VAT (varying in different states) would also imply that the entire country will become a fair playing field for all firms.
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