GST

By Pavani Ravada

Existing Tax structure in India

Entry Tax, luxury tax, Lottery Tax, etc.

Download Source- www.taxguru.in

Proposed Tax Structure in India

Indirect Tax = GST (Except customs)

Subsuming of Existing Taxes

CGST

VAT

GST

Manufactuer
100+30-> 10% tax i,.e,13

130
tax 13

(cost=130+13=143)

Wholesaler
143+20 -> 10% tax i.e., 16.3 130+20=150

Cost(163+16.3=179.30)

Retailer
179.30+10 -> 10% tax i.e.,
18.9

Cost( 189.3+18.9=208.2)

Total tax= 13+16.3+18.9=47

Tax= 15-13 =2

150+10=160
tax=16-15=1
Total tax=13+2+1 =16

Conclusion
Let GST bring down prices and push up

prosperity and living standards of the people

of India.