Goods and service tax (GST) is very complex by nature. It is a comprehensive tax levy on manufacture, sale and composition of goods and service at a national level under which no distinction is made between goods and service for levying of tax. It will mostly substitute all indirect taxes levied on goods and services tax by state and central government in India. GST greater tax reform in India since independence. Most of the countries have unified GST system. The research presents an overview of GST, it’s advantages, features, and challenges of GST implications on various industries.