Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in many countries. It streamlines the taxation process by replacing multiple indirect taxes like VAT, sales tax, and service tax with a single, unified tax. GST is typically divided into different slabs or rates depending on the nature of goods or services. Other indirect taxes include customs duties, excise duties, and certain local taxes. These taxes are crucial for revenue generation and can impact business pricing and consumer costs. Proper compliance and understanding of these taxes are essential for businesses and individuals alike.