All the indirect taxes will be replaced by a single tax i.e.GST
It will comprise of:-
The GST to be levied on intra-State supply of goods and / or services
by the Centre- Central GST (CGST)
by the States- State GST (SGST).
Similarly GST to be levied and administered on every inter-state supply of goods and services by Centre- Integrated GST (IGST).