India’s government hopes that the Goods and Services Tax (GST) will be a game changing reform for the Indian economy, creating a common Indian market and reducing confusing multiple taxes . It is forecasted to raise India’s GDP growth rate by over one percentage point . Will the GST really live up to these expectations? Demystifying the GST bill Hailed as one of the biggest taxation reforms in India, the Indian GST is a comprehensive indirect tax structure, to be levied at all points in the supply chain – manufacturing and sale of goods and services at a national level. At present, India is home to multiple taxes separately managed by Central and State governments, such as the Central Excise duty and Custom duties. Moreover, Value-added Tax (VAT), entry tax, luxury tax and entertainment tax come under the State level. Once the GST is implemented, all these taxes will come under a single tax structure, leading to a common market with the removal of fiscal barriers betwee