Goods and services tax in India: A policy of great reform in governance

It was very much in deed of uniform tax regulation in India and finally it reflects as Goods and Services Tax from 1^st July, 2017. Presently we find Goods and Services Tax into three parts i.e. State GSST, CGST, and IGST. One Nation One Tax or uniform tax process was political agenda of BJP government and in view of it, GST Council is constituted as the highest body to examine and make recommendations on issues related to GST to Central as well as State Governments. People and experts give their pros and cons views on the policy. This paper aims to clear the concept of GST, its process, institutions, gains, impact and responses of traders. The historical and observation method has been applied to analyse the report. The data used in this study are secondary. Only some primary data of local study on the responses of the trader on GST is also taken for analysing the study report. Scholarly views, debates, writings in various magazines and journals have been used to conceptual description.