Indirect Taxation in India has undergone a revolutionary change with the rolling out of GST (Goods and Services Taxes) on 1st July 1, 2017. Government has made several changes and modifications in tax rates, tax structure, and even implemented VAT (Value Added Tax) ever since iconic, economic reforms were introduced. But none of these changes and reforms yielded the expected results. Indian taxation system has remained highly convoluted and has made the manufacturing sector in-competitive. Too many types of taxes levied by central and state governments have increased the prices of goods manufactured in India. As a result, Indian goods were not able to compete in the international market. The main objective of the research paper is to throw light on concept of GST, different types of indirect taxes levied earlier in India. The paper also discussed the salient features of GST Bill, GST council, implications on Indian industries, challenges ahead.