The center and the states are now trying to settle on the design and implementation of a uniform tax rate across the country Called goods & service tax. The unified tax will take the form of a “dual” GST, to be levied concurrently by both the levels of government. The unified tax will comprise of a Central GST and a State GST, which will be legislated, levied and administered by the respective levels of government. The same taxable base will be subject to both GSTs. The words “legislate, levy and administer” are key, since the center and the state will legislate the respective GST Acts and both will have power to administer the taxes. The proposed tax system will subsume a variety of central and state levies such as Central Excise Duty, Service Tax and VAT, thereby simplifying the complicated tax structure and reducing compliance costs. For tackling the complicated issues related to inter-state transactions, an innovative Integrated Goods and Services Tax is an advance step to meet the needs.