The document discusses Goods and Services Tax (GST) implemented internationally and in India. It provides details on GST authorities in India, taxation powers of the central and state governments, items not included in GST, benefits of GST, indicative GST rates, and how GST will work. Key points covered include that over 160 countries have implemented GST, with rates typically between 5-40%; in India, CGST will be administered by central government and SGST by state governments, while IGST will be administered centrally for inter-state transactions. The document outlines some benefits of GST such as reducing costs, increasing tax revenue and exports.