An Ultimate Guide on G.S.T. - Goods and Service Tax.
                     An Ultimate 
Guide on G.S.T. 
- Goods and 
Service Tax
What is GST?
•The full form of GST is Goods and 
Service Tax. It is an indirect tax 
introduced in India from 1st July 
2017. 
• It is a value-added tax levied on 
the manufacture, sale, and 
consumption of goods and 
services. 
Source: tax2win.in
Introduction of 
GST in India
•On July 1st, 2017, India moved to 
a new tax system - one that aims 
at converting the entire nation 
into a single market.
•Although the foundation was laid 
way back in 2004 when the idea 
was initiated by the Kelkar Task 
Force.
Source: tax2win.in
Purpose of bringing 
GST in India
•GST which is the biggest tax 
reform brought into INDIA post-
independence has paved its way 
to resolving major inherent flaws 
in the Indian indirect taxation 
system. 
Source: tax2win.in
Which indirect taxes have 
been replaced with the 
implementation of GST?
•Central excise Duty and 
Additional Excise Duties
•Excise Duty under Medicinal & 
Toilet Preparation Act
•Service Tax
•Central Sales Tax
•CVD & Special CVD
Source: tax2win.in
Dual or concurrent model
•The government has adopted 
GST in its Dual or concurrent 
model. 
•As a result of which both Centre 
and State government will levy 
GST simultaneously. 
Source: tax2win.in
What is the structure or 
framework of GST in 
India?
•The implemented GST structure 
is categorized under four heads, 
namely –
• IGST – Integrated Goods and 
Service Tax
• CGST – Central Goods and Service 
Tax (CGST)
• SGST – State Goods and Service 
Tax
• UGST – Union Territory Goods and 
Service Tax
Source: tax2win.in
What is SGST?
•The full form of SGST is State 
Goods and Services Tax. It is a 
tax levied by the State 
Government on the supplies of 
both goods and services within 
the state i.e. intrastate. 
Source: tax2win.in
What is CGST?
•The full form of CGST is Central 
Goods and Services Tax. It is a 
tax levied by the Central 
Government on the supplies of 
both goods and services within 
the state i.e. intrastate.
Source: tax2win.in
What is UTGST?
•The full form of UTGST is Union 
Territory Goods and Services Tax. 
It is a tax levied by the 
Government of Union Territory on 
the supplies of both goods and 
services within the state i.e. 
intrastate.
Source: tax2win.in
What is IGST?
•The full form of IGST is Integrated 
Goods and Services Tax. It is a 
tax levied by the Central 
Government on the supplies of 
both goods and services outside 
the state i.e. intrastate as well as 
on imports. 
Source: tax2win.in
What are the GST Tax 
Rates in India?
•1% – For Traders and manufacturers
•5% – For Suppliers of Food and 
Beverages Service 
The GST Tax Rates prescribed for Goods 
are-
•5% – Coal, Household necessities, 
Cashew, Ice, Hearing aids, Medicines 
etc.
•12%- Books, Notebooks, Intraocular 
Lens, Processed food, Ketchup, Playing 
Cards and Computer etc.
•18% - Aluminium foil, CCTV, Set Top 
Box, Swimming Pools, Kajal stick, 
Printer , Toothpaste, soap, hair oil and 
industrial goods etc.
•28%- The highest tax rates for goods 
under GST applies on products like 
Luxury bikes, cars, cigarette, aerated 
drinks, air conditioner, refrigerator etc.
Source: tax2win.in