GST Rates of Goods in India

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What is GST?

GST is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, amalgamating a large number of Central and State taxes into a single tax. Introduction of Goods and Services Tax (GST) signifies a major step in the field of indirect tax reforms in India.

What are the benefits of GST?

For goods and services providers, GST paves the way for a common national market and hence would make Indian products competitive in the domestic and international markets. For consumers, GST signifies a simpler tax system designed to promote uniform prices throughout the country. For authorities it is easier to administer because of it transparent and has a self-policing character.

  • Note, besides, that it is no more immoral to directly rob citizens than to slip indirect taxes into the price of goods that they cannot do without.

  • ~ Albert Camus

What taxes will be replaced by GST?

Central Taxes/Levies

GST would replace the following taxes currently levied and collected by the Centre:

  • Central Excise Duty
  • Duties of Excise (Medicinal and Toilet Preparations)
  • Additional Duties of Excise (Goods of Special Importance)
  • Additional Duties of Excise (Textiles and Textile Products)
  • Additional Duties of Customs (commonly known as CVD)
  • Special Additional Duty of Customs (SAD)
  • Service Tax
  • Cesses and surcharges insofar as they relate to supply of goods or services

State Taxes/Levies

State taxes that would be subsumed within the GST are:

  • State VAT
  • Central Sales Tax
  • Purchase Tax
  • Luxury Tax
  • Entry Tax (All forms)
  • Entertainment Tax (except those levied by the local bodies)
  • Taxes on advertisements
  • Taxes on lotteries, betting and gambling
  • State cesses and surcharges insofar as they relate to supply of goods or services