GST is the tax which is levied on the supply of goods and services. At present, it is basically divided under VII “Schedule’s and tax rates are 0%, 0.25%, 3%, 5%, 12%, 18% and 28%. It was launched at midnight of 01st July 2017 by the President of India and The Government of India. The rate on particular goods and services are identified by HSN code (Harmonized System of Nomenclature). GST had absorbed various types of previous taxes of Government of India like Excise duty, Octroi, Service Tax, VAT and many more.