GST is an inclusive tax intended to replace the existing indirect tax framework, applicable to both goods and services. It features a dual structure comprising Central GST and State GST, which will subsume various existing taxes at both levels. The implementation of GST aims to disincentivize tax evasion, simplify business operations, and contribute positively to GDP.

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WHAT IS
GST ?

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An inclusive tax that will replace current
indirect tax regime.
Will be levied on both goods and services.
Will have dual structure
- Central GST & State GST
GST an explainer :
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CENTRAL TAXES GST WILL REPLACE
Central Excise Duty.
Additional Duties of Excise & Customs.
Special Additional Duty of Customs .
Service tax.
Cesses & surcharge on supply of goods/services.

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STATE TAXES GST WILL SUBSUME
VAT
Central Sales Tax
Purchase Tax
Luxury Tax
Entry Tax
Entertainment Tax
Taxes on advertisement, lotteries, betting &
gamblimg
State cesses & surcharge
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STATE TAXES GST WILL SUBSUME
Disincentivize tax evasion
Lower tax rates
Simplify business operations
Add to GDP