The full form of GST is Goods and Services Tax. GST is a value-added tax levied on most goods and services sold for domestic consumption. It was introduced in India to replace multiple indirect taxes levied by State and Central Governments in order to simplify the indirect tax system. GST is a multistage, destination-based comprehensive tax that includes most indirect taxes, excluding some state taxes. It is applicable on the supply of both goods and services. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.