GST is a value-added tax system used in several countries, including India, Canada, and Australia, that simplifies the taxation process and eliminates tax cascading. It requires businesses to register and file tax returns regularly, with GST registration charges varying by country. While GST has faced criticism for its complexity and initial disruption, it has also been credited with boosting tax revenues and promoting a more streamlined tax system. For More Visit: https://www.bajajfinserv.in/insights/documents-required-for-gst-registration