GOODS AND SERVICES TAX

Presentation plan
What is G.S.T.
Taxes under G.S.T.
History of G.S.T.
Benefits of G.S.T.
•TO PRODUCER
•TO CONSUMER
Effect of G.S.T.
How G.S.T. work
Ideology behind introduction of G.S.T.
Taxation system under G.S.T.
What is g.s.t.
 History of G.S.T.
GST was first implemented by
France in 1954. A total of 165
countries implemented GST like
Canada, Japan, Australia, New
Zealand etc . And was introduced to
India on 1st July,2017.and India is
following the G.S.T. method as of
canada
 Taxation system in G.S.T.
Actually G.S.T. is not just a tax that is applicable to all
the products . it has different tax slabs which makes it
easier to differentiate among different tax for different
products
There are basically 4 tax slabs :-
1) 5% tax slab
2) 12% tax slab
3) 18% tax slab
4) 28% tax slab
GOODS EXEMPTED FROM TAXES COMES UNDER 0% TAX SLAB
NOTE :-Gold and rough diamonds do not fall under
the current rate slab ambit and will be taxed at 3% and
0.25% respectively
 Products included in different tax slabs

0% 5% 12% 18% 28%

Milk Sugar Butter Hair oil Air
conditioner
Wheat Tea leaves Ghee Toothpaste Refrigerators
Fruit Coffee beans Almonds Soap Shaving cream
Salt Milk food Fruit juice Corn-flakes shampoo
rice Packed Namkeen Packed food marble
cheese
Unpacked Iron and Led lights Ice cream Washing
cheese steel machine
products
jaggery Copper umbrella Instant food cars
utensils