The landscape of Indian taxation has undergone a massive transformation since 2017, and as we move through 2026, the system has reached a new level of maturity known as "GST 2.0." For any business owner, accountant, or student, a fundamental grasp of the various tax components is essential. To start with a gst full form and explanation, GST stands for Goods and Services Tax. It is a multi-stage, destination-based tax that is levied on every value addition, replacing a complex web of old indirect taxes like VAT, Service Tax, and Excise Duty.
