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Principles of Taxation Laws, including the Goods and Services Tax Act, 2017 (GST), provide the foundation for understanding India's tax system. This subject covers the essential principles of taxation, such as the nature of taxes, tax rates, and their impact on the economy. The GST, introduced in 2017, revolutionized India's indirect tax structure, consolidating multiple taxes into a single framework. It emphasizes efficiency in tax collection, promotes seamless interstate trade, and aims for a simplified compliance process. With a focus on tax justice and economic growth, this subject explores GST’s principles, registration, compliance, and its influence on businesses and consumers.