GST rollout: Everything you know about GST and how it will benefit consumers

India is all set to implement the long awaited Goods and Service tax (GST) from July 1. The GST aims are creating a single market, removing tax barriers between states. A plethora of cascading central, state, interstate and local taxes will be replaced by a single, nationwide, value-added tax on goods and services when the GST rolls out. At least 17 state taxes would be replaced, making the taxation of goods and services simpler than the current system.