Seminar

on
Goods And Services Tax

Madan Mohan Malaviya Univresity Of

Technology, Gorakhpur

Presented by : Gaurav
Dubey
Roll no :
2015063113
 Introduction
GST apply uniformly on good and services and its a
uniform tax across the India.
GST is already introduced in more than 140 countries
and It was first introduced in France in 1954.
GST levy on consumption side of the goods and services
like transportation , sale.
It overcomes drawback present tax system.
As it is having transparent character it is easier to
administer.
 Tax Structure in India
Direct Tax :
e.g.: Income Tax, Corporate Tax, Wealth Tax

Indirect Tax :
e.g.: Excise duty, custom duty, Service Tax, Octrai
Tax, VAT.
Short comings in current
Tax System

Tax Cascading (Tax on Tax).

Complexity.

Taxation at Manufacturing Level.

Exclusion of Services.

Tax Evasion.
 Model Of GST

GST
Structure

centre State
GST GST

GST to be
levied by GST to be
the levied by
the State
Centre
 Objectives Of GST
One Country One Tax.
Consumption based tax instead of Manufacturing.
To eliminate the cascading effect of Indirect taxes on
single transaction.
Merge all indirect taxes at Centre and State Level .
Reduce tax evasion and corruption.
Reducing economic distortions.
Product Excluded from
GST
Petroleum Product

Alcohol

Tobacco Product
 Advantages
Remove multiple taxation.

Less tax dispute.

Greatest cost compition.

Less complex structure.

 Disadvantages
Dual control on every business .

State will loose autonomy to change tax rate.

Some of the sectors like dairy , pharma , textile.

Thank you