It is a destination-based tax on the consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final use with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed, and the burden of tax is to be borne by the final consumer. GST is meant to replace a slew of indirect taxes with a unified tax and is therefore expected to reshape the country's 2.4 trillion dollar economy. GST tax rates vary from 0% - 28% depending on the type of service or Nature of Goods Your business is selling.