Goods and Services Tax

Its being rolling the dice from last year and various efforts as well as preparations came into play for it.The Indian government was being busy with it from last 3 months for drafts. And, now after todays midnight India will serve under "One Nation, One Tax". With GST(Goods and Service Tax), the various types of taxes will diminish and a single set of tax will work for same type of product. Although, by this many stuffs,daily needs, essentials,accessories are moderated with their change of price tags; some gets low tax % ,while other higher % ipto 18, and some are freed of taxes. 81% things are under 5% taxes. This bill will be regulated by Prime Minister of India on 00:00 hours on 1st July,2017 at Indian Parliament.
This bill is also opposed since margin/commission of seller/retail will decline, so 30June,2017 is practised as closed of markeys by such departments or sellers underlies garments,textile,mason,etc. So, it is a biggest step by Indian Government which will change scenario but more positive results are viewed and it will enhance Indian Economy.