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Goods and services tax (GST) a new tax reform in India which has integrated the Central and State taxes and the outcome is “One Nation One Tax”. After much deliberation India has implemented this tax reform which intends to bring in simplified tax laws and provide better business opportunities to all. According to the World Bank (2015), globally there one hundred and ninety-three countries who are the member nations of UN out of which one hundred and sixty countries which inclusive of seven ASEAN nations, nineteen Asian nations, fifty-three European nations, seven Oceania nations, forty-four African nations eleven South American nations and nineteen Caribbean, Central & North American nations have imposed GST successfully. India’s tryst with GST has ushered in a new era in her stride towards becoming a developed nation. The Britannica Encyclopedia says taxation is imposition of compulsory levies on individuals or entities by governments.