GST Goods and Service Tax Official Website Logon@gstcouncil.gov.in

GST Goods and Service Tax Official Website Logon@gstcouncil.gov.in



Govt of India brought One Nation One Tax system | Official website for GST in India has been launched for detailed information for the people of India http://www.gstcouncil.gov.in | GST Online Returns Filing Forms Download | What id GST? | How GST Works on | What is the Mechanism of Goods and Service Tax GST | What are the GST Rate of Tax ? | Central GST State GST Dual GST System of Levying GST | Clasification of GST  gst-goods-and-service-tax-official-website-gstcouncil.gov.in-online-return-forms-download

GST Goods and Service Tax Official Website Logon@gstcouncil.gov.in Govt of India brought One Nation One Tax system | Official website for GST in India has been launched for detailed information for the people of India http://www.gstcouncil.gov.in | GST Online Returns Filing Forms Download | What id GST? | How GST Works on | What is the Mechanism of Goods and Service Tax GST | What are the GST Rate of Tax ? | Central GST State GST Dual GST System of Levying GST | Clasification of GST  gst-goods-and-service-tax-official-website-gstcouncil.gov.in-online-return-forms-download
GST Goods and Service Tax Official Website Logon@gstcouncil.gov.in


Goods and Service Tax India GST

The idea of moving towards GST was first mooted by the then Union Finance Minister in his Budget speech for 2006-07. Initially, it was proposed that GST would be introduced from 1st April 2010.The Empowered Committee of State Finance Ministers (EC) which had formulated the design of State VAT was requested to come up with a roadmap and structure for GST. Joint Working Groups of officials having representatives of the States as well as the Centre were set up to examine various aspects of GST and draw up reports specifically on exemptions and thresholds, taxation of services and taxation of inter-State supplies. Based on discussions within and between it and the Central Government, the EC released its First Discussion Paper (FDP) on the GST in November, 2009. This spelt out features of the proposed GST and has formed the basis for discussion between the Centre and the States so far.


The introduction of the Goods and Services Tax (GST) is a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, GST will mitigate ill effects of cascading or double taxation in a major way and pave the way for a common national market. From the consumers point of view, the biggest advantage would be in terms of reduction in the overall tax burden on goods, which is currently estimated to be around 25%-30%. It would also imply that the actual burden of indirect taxes on goods and services would be much more transparent to the consumer. Introduction of GST would also make Indian products competitive in the domestic and international markets owing to the full neutralization of input taxes across the value chain of production and distribution. Studies show that this would have a boosting impact on economic growth. Last but not the least, this tax, because of its transparent and self-policing character, would be easier to administer. It would also encourage a shift from the informal to formal economy. The government proposes to introduce GST with effect from 1st July 2017.

Salient Features of GST


  1. GST is applicable on ‘supply’ of goods or services as against the present concept on the manufacture of goods or on sale of goods or on provision of services.
  2. GST is based on the principle of destination-based consumption taxation as against the present principle of origin-based taxation.
  3. It is a dual GST with the Centre and the States simultaneously levying tax on a common base. GST to be levied by the Centre would be called Central GST(CGST) and that to be levied by the States would be called State GST (SGST).
  4. An Integrated GST (IGST) would be levied an inter-state supply (including stock transfers) of goods or services. This shall be levied and collected by the Government of India and such tax shall be apportioned between the Union and the States in the manner as may be provided by Parliament by Law on the recommendation of the GST Council.
  5. Import of goods or services would be treated as inter-state supplies and would be subject to IGST in addition to the applicable customs duties.
  6. CGST, SGST & IGST would be levied at rates to be mutually agreed upon by the Centre and the States. The rates would be notified on the recommendation of the GST Council. In a recent meeting, the GST Council has decided that GST would be levied at four rates viz. 5%, 12%, 16% and 28%. The schedule or list of items that would fall under each of these slabs has been worked out. In addition to these rates, a cess would be imposed on “demerit” goods to raise resources for providing compensation to States as States may lose revenue owing to the implementation of GST.

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