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Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is a single tax system that has replaced several indirect taxes such as excise duty, service tax, value-added tax (VAT), central sales tax, etc. The GST regime has been introduced to simplify the tax structure, eliminate the cascading effect of taxes, and create a common market across the country.

Under the GST regime, there are three types of taxes:

1. Central GST (CGST) – It is levied by the central government on the supply of goods and services within the state.
   
2. State GST (SGST) – It is levied by the state government on the supply of goods and services within the state.
   
3. Integrated GST (IGST) – It is levied by the central government on the supply of goods and services between two states or between a state and a Union Territory.

GST is levied on the value of the goods and services supplied. It is a destination-based tax, which means that the tax revenue goes to the state where the final consumption of goods and services takes place.

GST has been implemented in India since July 1, 2017. It has brought in a uniform tax system across the country, reduced the compliance burden on businesses, and streamlined the tax structure.