Government Now Owns GST Network

With the onset of the new single uniform tax process which has subsumed a number of previous multiple tax regimes including excise duty, additional excise duty, service tax, value added tax, sales tax, octroi, luxury tax, etc. Goods and Services Tax (hereinafter referred to as "GST") is a single tax on the supply of goods and services. It is essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with setoff benefits at all the previous stages.

Dual system of GST allows imposition of levies on goods and services. The collection of GST by Centre is covered under Central Goods and Services Tax (hereinafter referred to as "CGST"), while the States levy and collect the tax in accordance to the State Goods and Services Tax (hereinafter referred to as "SGST").