Reforms are a continuous process. This is particularly true in case of indirect taxes which have a close link with the general economy. The process of key reforms and liberalization started way back in 1986 with introduction of MODVAT and has continued since then. The introduction of Goods and Services Tax (GST) will indeed be an important perfection and next logical step towards a widespread indirect Tax reform in India. GST - The Essentials of Goods and Service Tax is handbook covering provisions under Model GST Law (MGL). The book traces the evolution of indirect taxes, its shortcomings, road map to GST, concepts related to GST, taxes which are subsumed and not subsmed, comparison of present tax regime with GST regime, impact of GST on various sectors, computation of GST, GST Governance - role of Taxes Departments, procedural aspects of GST such as registration, payment, returns, appeals etc. This book also covers the important aspects of Model GST law and the important decisions taken up by GST Council Meetings relating to the core functions of taxation in a simplified manner. It is not a commentary but a complete guide for the tax professionals, departmental officers, industry professionals, tax consultants, traders, academicians, research scholars, students and as well as the beginners who are looking forward to know more about GST. It also serves as a guide to tax payers and prepares them for smooth transition from present regime.