This document provides an overview of the Goods and Services Tax (GST) system that was introduced in India in 2017. It was described as the biggest tax reform since India's independence. The summary explains that GST is a comprehensive indirect tax on the manufacture, sale and consumption of goods and services throughout India. It subsumes several central and state taxes into one tax. The document outlines the proposed GST tax structure and rates, and compares the previous fragmented tax system to the proposed unified GST system, highlighting advantages like reduced costs and uniform taxation across states.

1. Biggest tax reform since independence.......
BY ANJU SINGH
One nation ... One tax... One
market

2. S.NO. DISCRIPTION PAGE NO.
1. GST 3
2. Model of GST 4
3. Taxes proposed to be subsumed in GST 5
4. GST tax slab rate 6
5. Present tax system 7
6. GST system 8
7. Advantage of GST 9
8. Conclusion 10
INDEX

3. GST
• GOODS AND SERVICE TAX (GST ) IS A COMPREHENSIVE
TAX LEVY ON MANUFACTURE . SALE AND
CONSUMPTION OF GOODS AND SERVICE AT A
NATIONAL LEVEL. .
• GST WILL INCLUDE MANY STATE AND CENTRAL
LEVEL INDIRECT TAXES .
• IT OVERCOMES DRAWBACK PRESENT TAX SYSTEM .

4. MODEL OF GST
GST STRUCTURE
CENTRAL GST STATE GST DUAL GST
GST TO BE
LEVIED BY
THE STATE
GST TO BE
LEVIED BY THE
CENTRAL
GST TO BE LEVIED BY
THE CENTRAL AND THE
STATES concurrently

5. TAXES PROPOSED TO BE
SUBSUMED IN GST
Gst
CENTRALL STATE
•Central excise duty
•Additional excise duty
•Service tax
•Countervailing duty (cvd)
•Additional duty of customs
(adc)
•surcharge, education and
secondary/ higher secondary
cess
• vat / sales tax
• Purchase tax
• Entertainment tax
• luxury tax
• Lottery tax
• State surcharge &
cesses leviable on the
above as of now

6. GST TAX SLAB RATE
Gst rate
0% 5% 12% 18 % 28%
Food
grains,
bread
,salt ,
books
etc.
Paneer
,packed
food,
tea
coffee
etc.
Mobiles ,
sweets,
medicine
,
Soap ,oil,
toothpast
e,
smartpho
nes
Luxury
items,
tobacco,,

7. Present tax system
Product sold form mumbai to
nagpur
price - rs. 1000
Vat @ 10%- rs. 100
cst@10% - rs. 210Total
cost- rs. -
2310
•Produced sold form nagpur to
chennai
•Price – rs. 1100
•Profit – 1000
• sale price – rs. 2100

8. GST SYSTEM
Product sold from mumbai
to nagpur
Price- rs. 1000
Cgst @5% - rs. 50
Sgst @ 5% - rs. 50
•Product sold from
nagpur to chennai
•Price – rs. 1100
• profit – 1000
• sale price – rs. 2100
igst@10% -210
Total
cost rs.
- 2210
less:
cgst
sgst

9. ADVANTAGE OF GST
• GST ELIMINATES MULTIPLES TAXES AND REDUCE
THE END COST OF THE PRODUCT
• ALL TAXES AT CENTRAL AND STATE LEVEL TO
BE ROLLED INTO ONE
• TO ENSURE UNIFORM TAXATION ACROSS STATES

10. CONCLUSION
• GST IS A COMPREHENSIVE VALUE ADDED TAX ON
GOODS AND SERVICES
• REMOVES HIGH TAX BURDEN
• GST ENSURES BETTER COMPLIANCE AT EACH
STAGE OF SUPPLY CHAIN

11. Thank you