This document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses the existing indirect tax structure, the new tax structure under GST including CGST, SGST, IGST and UTGST. It lists the taxes that are likely and not likely to be subsumed under GST. Specifically excluded from GST are petroleum products, alcohol, power sector and some state taxes like property tax.

1. 1
GOODS AND SERVICES
TAX (GST)
PREPARED BY:MEGHA SHARMA
M.COM SEMESTER-II
C.R.N-23

2. 2
CONTENTS
Slide No. Title
3 ACKNOWLEDGEMENT
4 EXISTING INDIRECT TAX STRUCTURE
5 TAX STRUCTURE UNDER GST
6 TAX LIKELY TO BE SUBSUMED UNDER GST
7 UNDERSTANDING CGST,SGST,UTGST,IGST
8 TAX NOT LIKELY TO BE SUBSUMED UNDER GST
9 GOODS NOT COVERED UNDER GST
10 BIBLIOGRAPHY

3. 3
ACKNOWLEDGEMENT
I would like to convey my heartfelt gratitude to Mrs. Neha Tandon for
her tremendous support and assistance in the completion of my
project with the topic GOODS AND SERVICE TAX(GST). I would
also like to thank my parents and friends for the relentless help they
kept providing me throughout the course of this project. The
completion of the project would not have been possible without their
help and insights.

4. 4
Existing Indirect Tax Structure
4
Central
Levies
Customs
Duty
Service Tax
Excise Duty
Cess
Central Sales
Tax
Purchase Tax
Entertainment Tax
Entry Tax & Octroi
Luxury Tax
VAT
State
Levies

5. 5
Tax structure under GST
SGST
IGST
• Stands for Central GST
• Tax collected by Central Government
• Applicable on supplies within the state
• Stands for State GST
• Tax collected by State Government
• Applicable on supplies within the state
• Stands for Integrated GST
• Tax collected is shared between Centre and State
• Applicable on interstate and import transactions
UTGST
• Stands for Union Territory GST
• Tax collected by Union Territory
• Applicable on supplies within the Union Territory
CGST

6. 6
Taxes Likely to be subsumed under GST
Excise
Duty
Surcharge
& Cess
ADE
Service
Tax
CGST
Luxury
tax
Purchase
Tax
Surcharge
& Cess
VAT
Entry
Tax
SGST/
UTGST
CST CVD &
SAD
IGST
GST

7. 7
Understanding CGST, SGST, UTGST & IGST
Foreign Territory
State 1
Union territory without legislature
State 2
7

8. 8
Taxes Not Likely to be Subsumed under GST
Central Taxes:
• Customs Duty
• Other Customs Duty like anti-dumping
duty, Safeguard duty etc.,
• Export Duty
State Taxes:
• Road & Passenger Tax
• Toll Tax
• Property Tax
• Electricity Duty
• Stamp Duty & Registration Fees

9. 9
Goods Not Covered under GST
5 Petroleum Products
• Petrol
• Diesel
• Petroleum Crude
• Aviation fuel
• Natural Gas
Alcohol for Human Consumption
Power Sector

10. 10
BIBLIOGRAPHY
For successfully completing my presentation, I have taken help from
the following website links:
 WWW.GOOGLE.COM
 WWW.WIKIPEDIA.COM
 YOUTUBE
 GOOGLE IMAGES
 BOOK: INDIRECT TAXES BY DR.B.K.AGARWAL & DR.VIPUL VINOD