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GST IN INDIA 
PRESENTED BY: 
ABHISHEK KYAL
What is GST ? 
G 
S 
T 
Goods 
& 
Services 
Tax
Why GST? 
• Equitable 
division of 
taxes 
• Transparency 
• Smoothen 
Administration 
• Promote exports 
• Raise 
employment 
• Boost growth 
• Collection at PoS 
• Lower prices 
• More demand 
In general 
For Central & 
State Govt. 
For 
Individuals & 
Companies
GST 
Central State 
• Excise duty 
• CVD 
• Service Tax 
• ACD 
• VAT 
• Entertainment 
tax 
• Luxury tax
Numerical example of 
GST 
Current tax system Under GST 
Cost 100.00 Cost 100.00 
Add: Add: 
Excise duty @ 16% 16.00 CGST @ 15% 15.00 
Factory Price 116.00 Factory Price 115.00 
Add: Add: 
VAT @ 14% 16.24 SGST @ 12% 12.00 
Wholesale price 132.24 Wholesale price 127.00
GST AS A CHALLENGE IN INDIAN 
ECONOMY 
• Long time planning 
• Consensus among the states 
• Administrative challenges
goods and services tax

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goods and services tax

  • 1. GST IN INDIA PRESENTED BY: ABHISHEK KYAL
  • 2. What is GST ? G S T Goods & Services Tax
  • 3. Why GST? • Equitable division of taxes • Transparency • Smoothen Administration • Promote exports • Raise employment • Boost growth • Collection at PoS • Lower prices • More demand In general For Central & State Govt. For Individuals & Companies
  • 4. GST Central State • Excise duty • CVD • Service Tax • ACD • VAT • Entertainment tax • Luxury tax
  • 5. Numerical example of GST Current tax system Under GST Cost 100.00 Cost 100.00 Add: Add: Excise duty @ 16% 16.00 CGST @ 15% 15.00 Factory Price 116.00 Factory Price 115.00 Add: Add: VAT @ 14% 16.24 SGST @ 12% 12.00 Wholesale price 132.24 Wholesale price 127.00
  • 6. GST AS A CHALLENGE IN INDIAN ECONOMY • Long time planning • Consensus among the states • Administrative challenges