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GST, The Goods and Service Tax, is an upcoming taxation system to be introduced in India, which is going to merge many individual applied taxes and will pave a new reform in the taxation of India into a single tax. Considered to be the biggest tax reform of the country, ever since the country got its independence, the GST was introduced in the constitution as the 101st amendment act of 2016. Governed by the GST Council, featuring the chairman as Arun Jaitely, the Union Finance Minister of India, the GST will be implemented across the Country from 1st June, 2017.

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