 A compulsory contribution to revenue.

 It is levied by the Government on workers income

and business profits.

 It can also be added to the cost of some goods,

services and transaction [1].
 DIRECT TAX  INDIRECT TAX

 The tax which is levied  The tax which is levied

on income or profit of on goods and services.
the person.

 The tax burden cannot  The tax burden can be

be shifted to anyone shifted to anyone else.
else.
 The discussed indirect tax has one major
problem of cascading effect.

 Cascading effect Means tax on tax itself.

 Here GST comes into picture to improve

flaws in indirect tax.
 Constitution (122nd Amendment) Bill, 2014 received the
assent of President .

 It became Constitution (101st Amendment) Act 2016.

 It paved the way for introduction of GST in India

 One Nation One Tax initiative.

 As per Article 246A The types of GST is defined.

 BOON  BANE

 Broadening Tax Base  Under-prepared IT

Infrastructure
 Increase in Compliance  Refund Mechanism
Mess
 Direct Tax collection
get a boost  Litigation Galore

Conclusion : The GST Council is moving and improving.

 It is Pan India uniform Indirect Tax

 Government is targeting 12 trillion from GST in

fiscal year 2018-2019 against an average collection
of 90,000 crore in 2017-18 [5]
 Simple tax Return Forms

 More anti tax Evasion technique

 Reducing the number of item excluding from tax

 Reducing tax slabs

 Fine Tuning of GSTN

[1] Neeraj Bhagat & CO. ,“GST –E-book”

[2]

[3]

[4] Ankit Aggarwal , “GST In India : A blessing or Curse”

[5] https://www.livermint.com
/politics/xevwRWf5tkwV27b7SFGJGK/GST-One-nation-
one-tax-work-in-progress.html
 DIRECT TAXES
INCOME CAPITAL SECURITY
TRANSACTION CORPORATE
TAX GAIN TAX TAX TAX
 CENTRAL SEVICE
EXCISE TAX CUSTOM TAX
TAX TAX
INDIRECT
TAX
VAT/CST LUXURY ADVERTISEMENT
STATE TAX TAX
TAX TAX
CGST : Central GST

SGST : State GST

IGST : Integrated GST

UTGST : Union Territory GST