Every once in a while, governments enacts measures and legislations that have the potential to bring about great change to the economy of the country, and hence lift millions out of poverty. In the recent past, such changes have been witnessed in 1991, when the economic reforms were introduced and in 1999 when the New Telecom Policy was developed. The Goods and Services Tax (GST) regime is one such measure, which has the potential to transform compete production – distribution –trade scenario of the country and can bring about widespread economic improvement. However, each policy change should also be explained to its stake holders, so that they are prepared to take the best benefit out of them. GST will impact everybody – the importers, distributors, manufacturers and of course, you and me, the end consumers. The following pages are going to be a practical guide for everybody, so that they can prepare themselves, in the shortest possible time, to get the maximum benefit out o this taxation reform.