A Presentation By

Dr.C.P. Joshi
S.D.S.PG Girls College
Sujangarh
Good And Simple Tax
 ,
 Central Taxes State Taxes
State VAT / Sales Tax
Central Excise duty Central Sales Tax
Additional duties of excise Purchase Tax
Excise duty levied under Medicinal Entertainment Tax (other than
& Toiletries Preparation Act those levied by local bodies)
Additional duties of customs Luxury Tax
(CVD & SAD) Entry Tax (All forms)
Service Tax Taxes on lottery, betting &
Surcharges & Cesses gambling
Surcharges & Cesses

GST

Constitution amended to provide concurrent powers to both Centre & States to

levy GST (Centre to tax sale of goods and States to tax provision of services)
 Reduce Interface with
Avoid Double different departments:
Taxation Central, State
& Local bodies

Avoid Cascading Simple Collection

Effect System

Decrease In Black Reduction in

Transaction Collection of
Revenue Cost

Simplified & Unified Tax System

,
 It is an indirect tax which was
introduced in India on 1 July 2017 and
was applicable throughout India which
replaced multiple cascading taxes
levied by the central and state
governments .

,
 It is levied at the time of supply .

It will make sure input credit is

available for taxes paid on all
purchases & input services .
Dr.C.P.Joshi
 Input credit shall only be allowed when your
supplier has deposited the GST he collected
from you .
All transactions and processes only
through electronic mode Non-
intrusive administration
Registration only if turnover more than
Rs. 20 lac And Option of Voluntary
Registration

Dr.C.P.Joshi
 ,
 Subsuming of Existing Taxes
Central Excise
Additional duties of Custom (CVD)
Service Tax
CGST Surcharges and all cesses

VAT/sales tax
Entertainment Tax
Luxury Tax
Lottery Tax
Entry Tax
SGST Purchase Tax
Stamp Duty
Goods and passenger Tax
Tax on vehicle
Electricity, banking, Real state

CST
IGST
,
 Alcoholic liquor for human consumption, Electricity And Petroleum
products are not covered under GST currently.
 Goods
1).Milk,Butter Milk, Curd
2). Flour Besan Bread Salt
3). Honey ,Fresh fruits And
Vegetables
4). Prasad, Sindoor ,Bindi
5). Stamps ,Judicial Papers
6). Printed Books .Newspapers
7). Bangles, Handloom And
other items of daily use
6). Fresh Meat ,Fish,Chicken
,Eggs
Services
1).Hotels and lodges
with tariff below Rs
1,000
2). Rough precious and
semi-precious stones
will attract GST rate of
0.25 per cent.
 Goods Services
1). Transport services (Railways,
1). Fish fillet
air transport)
2). Apparel below Rs 1000
3). Packaged food items,
2). small restaurants will be
4). Footwear below Rs 500
under the 5% category because
5).Cream 6).Skimmed milk powder
their main input is petroleum,
7).Branded paneer 8).Coffee, Tea
which is outside GST ambit .
9). Spices 10). Pizza bread
11).Kerosene 12). Coal
3). Textile job work
13). Medicines 14).Cashew
nut,Raisin
15).Ice and snow 16).Bio gas
17). Insulin 18). Agarbatti
19).Postage or revenue stamps
20). Stamp-post marks
 Goods
Bidis, chewing gum, molasses, chocolate not containing cocoa

pan masala, aerated water, paint, deodorants, shaving creams,

hair shampoo, dye, sunscreen
water heater, dishwasher, weighing machine, washing machine,
28% ATM, vending machines, vacuum cleaner,

Services
Private-run lotteries authorised by the states, hotels with room
tariffs above Rs 7,500, 5-star hotels

Race club betting, cinema