goods services tax

1. Impact of
GST on
Indian
Economy
Presented by : Jui joshi
:khushi bhatt

2. What is GST?
The Goods and Services
Tax (GST) is a value-
added tax levied on
most goods and
services sold for
domestic consumption.
The GST is paid by
consumers, but it is
remitted to the
government by the
businesses selling the
goods and services.

3. Model of GST

4. Taxes at present
1.EXCISE DUTY on
manufacturing :
CENTRAL
GOVERNMENT
2.SERVICETAX
on services :
CENTRAL
GOVERNMENT
5.VAT(Value Added
Tax) : STATE
GOVERNMENT 4. CST
(Central SalesTax) for
inter state tax : STATE
GOVERNMENTTO
CENTRAL
GOVERTNMENT
.3. CUSTOM ON
IMPORTS : CENTRAL
GOVERNMENT
4. SAD, CVD, STAMP
DUTY, CESS
SURCHARGE ON
TAXES BY CENTRAL
GOVERNMENT
AND MANY
MORE………..

8. 1.Some Economist say that GST in
India would impact negatively on
the real estate market. It would
add up to 8 percent to the cost of
new homes and reduce demand by
about 12 percent.
2.Some Experts says that
CGST(Central GST),
SGST(State GST) are
nothing but new names for
Central Excise/ServiceTax,
VAT and CST. Hence, there
is no major reduction in the
number of tax layers.
3.Some retail products
currently have only four
percent tax on them.
After GST, garments and
clothes could become
more expensive.
4.The aviation industry would
be affected.
5.Service taxes on airfares
currently range from six to
nine percent.With GST, this
rate will surpass fifteen
percent and effectively
double the tax rate.

9. When it was 1st put in lok shabh
Arun Jaitely has
introduced the
gst bill in the
loksabha