Levy and
Collection of tax
www.alankitgst.com
22 February 2018 © Copyrights Reserved 2017 1 of 22
, What is GST?
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value
addition.
In simple words, GST is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws
that previously existed in India.
Central Taxes State Taxes
• Central Excise duty • State VAT / Sales Tax
• Central Sales Tax
• Additional duties of excise
• Purchase Tax
• Excise duty levied under Medicinal
GST • Entertainment Tax (other than
& Toilet Preparation Act those levied by local bodies)
• Luxury Tax
• Additional duties of customs (CVD & SAD)
• Entry Tax (All forms)
• Service Tax
• Taxes on lottery, betting & gambling
• Surcharges & Cesses • Surcharges & Cesses
22 February 2018 © Copyrights Reserved 2017 2 of 22
, GST Types
22 February 2018 © Copyrights Reserved 2017 3 of 22
Collection of tax
www.alankitgst.com
22 February 2018 © Copyrights Reserved 2017 1 of 22
, What is GST?
Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value
addition.
In simple words, GST is an indirect tax levied on the supply of goods and services. GST Law has replaced many indirect tax laws
that previously existed in India.
Central Taxes State Taxes
• Central Excise duty • State VAT / Sales Tax
• Central Sales Tax
• Additional duties of excise
• Purchase Tax
• Excise duty levied under Medicinal
GST • Entertainment Tax (other than
& Toilet Preparation Act those levied by local bodies)
• Luxury Tax
• Additional duties of customs (CVD & SAD)
• Entry Tax (All forms)
• Service Tax
• Taxes on lottery, betting & gambling
• Surcharges & Cesses • Surcharges & Cesses
22 February 2018 © Copyrights Reserved 2017 2 of 22
, GST Types
22 February 2018 © Copyrights Reserved 2017 3 of 22
