Finance Minister Arun Jaitley, in his Budget 2015 speech, has announced the implementation of Goods and Service Tax (GST) from April 1, 2016. With the introduction of the GST, a lessening in the number of various taxes executed is anticipated. These include service tax, excise duties and value added tax. It is also expected to simplify and streamline the indirect tax regime along with aiming at a reduced amount of paperwork and lower tax burden for the taxpayers.
http://www.commonfloor.com/guide/budget-2015-gst-to-be-implemented-from-1-april-2016-49876.html