Objective of Goods And Services Tax (GST):-

1. Developing Common national Market: GST is levied at same rate on similar Goods and Services in all the states and union territories. For example, Computers sold across India are levied GST (Say) @ 18%. It sets a ground for developing common national market.

2. Ease of Doing Business: In the pre-GST period, there were many indirect taxes administered by different authorities. As a result, a business had to register itself separately under each such Act and also had to comply with each such indirect tax. For example, Excise Duty, sales Tax and Service Tax etc. were separately administered. The introduction of GST has eased the going of business as it will be registered and administered only under one indirect tax, i.e., GST. Hence, ease of doing business.

3. No cascading Effect of GST: GST paid (Input GST) on purchases of goods and/or services is set off against GST collected on sale of goods and/or services. As a result, GST is levied on the difference between sale value and purchase value. In effect, GST does not have cascading effect.

4. To Simplify Indirect Tax Regime by having one Tax and Fewer rates of taxes: GST has replaced many indirect taxes (Excise duty, Sale Tax, Service etc.).The earlier indirect tax regime had been complex both for the Government and business. Since, GST has replaced almost all indirect taxes, it simplifies the application and administration of indirect taxes.

5. Better Tax Management: GST, being administered through computer system beside it being a single indirect tax, has resulted in better tax management as tax evasion is controlled besides timely collection of tax. For example, credit for input GST is granted if the tax payer collecting GST has paid the tax in government account.

6. Goods becoming cheaper: Since GST paid (Input GST) is set off against GST collected (Output GST), GST does not have cascading effect as against earlier years when there was no set off of indirect taxes. (e.g. Excise Duty) paid against indirect taxes collected. As a result, goods and services have become cheaper.

7. Attracting Foreign Investors: Investments from outside India were not high because of multiple indirect taxes. Introduction of GST and removal of multiple indirect taxes shall increase foreign direct Investment (FDI) in India. 

8. Uplifting GDP: The structure of GST is such that is levied at every stage of sale of goods and/or services. It means businesses will be largely through recorded transactions resulting in tax collection by the government due to recorded sales resulting in uplifting GDP.