The presentation was made for a class project and covers all the important aspects of the proposed GST Bill in the Parliament of India, plus it focuses on the reasons that despite having so much benefits, why it has not been implented so far. Any feedback and suggestion is welcomed. :)

1. Taxation System:
Now and Future
Presented by Aru Mangla
For Class Project : BMS
At Shaheed Sukhdev College of Business Studies

2. Current System
Central:
• Income Tax – on income, other than
agricultural income
• Excise Duty – on goods manufactured or
produced in
India
• Custom Duty – on imports and exports
• Service Tax – on specified services
• Central Sales Tax – on inter-State sale of
goods
• Rates of Stamp Duty on 10 specified
instruments

3. State:
• VAT/Sales Tax - on purchase or sale of goods, other
than newspapers, within a State
• Excise duty - on alcoholic liquor for human
consumption
• Rates of Stamp Duty – on other than 10 specified
instruments
• Land Revenue
• Toll tax
• Taxes on:
• Land and buildings
• Consumption or sale of electricity
• Goods and passengers carried by road or inland
waterways
• Vehicles
• Luxuries, including taxes on entertainment, betting

4. Complexity for Govt.
& Payer

6. “WHERE THERE’S A PROBLEM,
THERE IS A
SOLUTION.”

7. WHICH PROBLEMS
DOES IT SOLVE?

8. ALL

9. GOODS AND SERVICES
TAX
IN INDIA

10. DUAL GST
CONCEPT
What’s that!
India being a federal system country will have two levels of GST
 Central GST
 State GST

11. VAT
PRINCIPLEwill be followed
Let me explain you.

12. PROPOSED RATE
18-23%

13. EXEMPTIONS
LIST
No GST on them!

14. Benefits
Or say advantages

15. Easy Process

16. Affordable Prices

17. More Tax Collection

18. Investment Friendly

19. We know our contribution
right

20. Disputes
Why not implemented yet

21. GST Rate……..umm
17, or 18, or 23!
Or……

22. “I manufacture, they earn.
Why?”
Manufacturing states want their compensation

23. Petroleum Products
“Khazana koi ni chhodta”
For many states, upto 30% of total revenue
comes from petroleum products

24. Politics
“We know GST is good for the nation,
but wait, who cares for the nation”

25. We hope now, you know more than you knew
before this presentation.
You were a good audience.
THANKS!
: bit.ly/AruMangla