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Before GST, there were many indirect taxes applicable like Vat,Service Tax,Excise

GST was introduced to ensure one nation one tax called GST

 

Indirect Tax Before GST.jpg

 Indirect Tax After GST

Indirect Tax After GST.jpg

 

 

Why was GST introduced

  • To Reduce Number of Taxes 
  • To ensure One Tax Rate of One time all over India
  • To ensure Uniform procedure for Return Filing Through out India

 


Transcript

Earlier Indirect Tax before GST Tax on Sale of Goods-Vat,CST Tax on Sale of Services-Service Tax Tax on Manufacturing-Excise Indirect Tax On Goods sold By Dealer-Within State-VAT By Manufacturer-Within State-CST Within State-Excise+ VAT Outside State-Excise + CST On Service Provided-By Service Provider Within State-Service Tax Outside State-Service Tax New Indirect Tax after Implementation of GST LocalCGST+SGST InterstateIGST On Goods Sold-By Dealer Within State-VAT Outside State-CST By Manufacturer Within State-Excise + VAT Outside State-Excise + CST On Service Provided By Service Provider- Within State-Service Tax Outside State-ServiceTax

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.