GST Stands for Goods and Service Tax. It is imposed by government from 1st July 2017. It is an Indirect Tax Which was introduced by govt. w.e.f 01 July 2017. The GST Application is governed by a GST Council and its Chairman is the Finance Minister of India. GST Registration is governed by GSTN. The GST(goods and service taxes) replaced several former taxes and levies which included: central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi.