Basics of GST

GST is an Indirect Tax as it is indirectly

paid by consumer to government.

GST stands for Goods and Services Tax

GST has been extended to whole of India

including the state of Jammu and
Kashmir
 TO BROADEN THE TAX
TO MINIMIZE BASE AND LEAD TO
TO BRING UNIFORMITY BETTER TAX
CASCADING OF TAXES
IN INDIRECT TAX RATES COMPLIANCE
THEREBY LEADING TO
ACROSS THE NATION. SUPPORTED WITH SOLID
REDUCTION OF PRICES.
IT INFRASTRUCTURE.

TO SIMPLIFY THE
COMPLEX INDIRECT
TAX STRUCTURE
ACROSS THE
COUNTRY.
Taxes subsumed in GST

Central
Taxes

Indirect
Tax
State
Taxes
Central Indirect Taxes subsumed in GST
GST ON IMPORT DUTY
State Indirect Taxes Subsumed in GST

State VAT Central Sales Tax Luxury Tax

Entertainment
Entry Tax (all Taxes on
and Amusement
forms) advertisement
Tax

Taxes on
State Surcharge
Purchase Tax lotteries, betting
and Cesses
and gambling
 Goods on which GST is not applicable

GST would apply to all goods and services except Alcohol for
human consumption.

• Present system of state excise duty and sales tax will continue

No GST on five specified petroleum products (Crude, Petrol, Diesel,

Aviation Turbine Fuel & Natural Gas)

• It would be applicable from a date to be recommended by GST council