The document provides information about goods and service tax (GST) in India. It states that GST will subsume several central and state taxes. It discusses the history of GST in India and proposals to introduce it. Some key benefits of GST are listed as one tax, reduced prices, more tax revenue, and uniformity in taxation. Potential disadvantages and exclusions from GST are also outlined. The current status of the GST bill in India's parliament is explained. Factors to consider before implementing GST are listed.