GST i.e. Goods and Service Tax is an Indirect Tax levied in India on Supply of Goods and Services. An indirect tax is collected by one entity in the supply chain (usually a producer or retailer) and paid to the government, but it is passed on to the consumer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product the tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of the central government and all the states.