The implementation of GST would ensure that India provides a tax regime that is almost similar to the rest of world. It will also improve the International cost competitiveness of native Goods and Services. GST will provide unbiased tax structure that is neutral to business processes and geographical locations. It will help to avoid distortions caused by present complex tax structure and will help in development of a common national market. The present research paper is an attempt to study the present tax structure in India and the relevance of goods and service tax in the tax structure.