one more presentation on GST

1. Presented by:
Abhishek
Panda
B.C.A second

2. WHAT IS GST ?
A VALUE-ADDED TAX(VAT) LEVIED
ON MOST GOODS AND SERVICES
SOLD FOR DOMESTIC
CONSUMPTION.
GST IS PAID BY THE CONSUMERS
.IT PROVIDES
REVENUE TO THE GOVERNMENT.

3. • INDIAN TAX STRUCTURE IS DIVIDED INTO:
1-DIRECT TAX
2-INDIRECT TAX
• GST IS INTRODUCED MAJORLY DUE TO :
1. THE CURRENT INDIRECT TAX STRUCTURE IS FULL OF
UNCERTAINTIES DUE TO MULTIPLE TAXES AND MULTIPLE
RATES.
• BECAUSE OF ABOVE TRANSPARENCY, TAXATION WOULD
INCREASE AND LEAD TO REDUCED TAX DODGING.
• IT WOULD ALSO REDUCE CASCADING EFFECT(TAX ON TAX)

4. Rs. 10000 Rs. 10000 +
Rs.1000 +
Rs. 500
Rs.
11500 +
Rs. 1150
Rs.1265
0

5. HOW DOES GST WORK?
• WHEN GOODS AND SERVICES TAX IS IMPLEMENTED, THERE ARE 3
KINDS OF APPLICABLE GOODS AND SERVICES TAXES:
I. CGST
II. SGST
III. IGST
1-0%(EXEMPTED CATEGORIES)
2-5%
3-12%
4-18%
5 -28%