GST (Goods and Services Tax) is a unified tax system implemented in India to replace various indirect taxes. It streamlines the taxation process by levying a single tax on the supply of goods and services across the country. GST aims to eliminate cascading taxes and promote ease of business by providing a simplified tax structure for businesses and consumers. Individuals seeking to understand and comply with GST regulations can benefit from GST Training in Chennai, offered by FITA Academy, which provides comprehensive education on GST laws and procedures.