Taxes that got replaced by GST !!



The Goods and Services Tax came into effect on 1 July 2017 in India. It was launched by the then Prime Minister Narendra Modi on the intervening night of 30 June and 1 July 2017. In this blog of GST Suvidha Kendra, we will know which taxes have been abolished and implemented in India. GST has been introduced to prevent tax evasion and to save the traders from the double whammy of taxes. Working on the concept of One Nation, One Tax (One Nation One Tax), only one tax GST has been introduced by eliminating about 500 taxes present in different parts of the country.

Before knowing which taxes have been replaced by the GST, let us first know the Indian taxation system which is classified into two parts namely Direct Taxes & Indirect Taxes. Direct tax is collected by the Central Government. Whereas Indirect Tax is used to be collected by the Central and State government & local bodies.

Goods and Services Tax, also known as GST is an indirect form of tax that has been levied by the Central and State Governments on the sale/purchase or trade of goods and services across the nation.

The Act was established in the Parliament on 29th March 2017 and came into force on 1st July 2017. It came into existence just to bring uniformity in the Indian taxation system. After the implementation of GST, many taxes like excise tax, sales tax, entry tax, VAT, etc. were withdrawn and GST was implemented which gave a lot of support and relief to taxpayers. With basic GST slabs of 5%, 12%, 18%, and 28%, it simplifies taxation.

Taxes replaced by GST that fall under Central Government -

Additional duties of excise Central Excise Duty Excise duty levied under Medicinal & Toiletries Preparation Act Additional duties of Excise levied under Textiles & Textile Products Additional duties of Customs(CVD & SAD) Service Tax Surcharges Central Sales tax

Taxes replaced by GST that fall under State Government -

State VAT/Sales Tax Central Sales Tax Purchase Tax Entertainment Tax(Other than those levied by local bodies) Luxury Tax Entry Tax(All Forms) Taxes on lottery, betting & gambling Surcharges & Cesses Taxes on advertisements

Taxes Not Covered by GST

1. Property Tax & Stamp Duty 2. Electricity Duty 3. Excise Duty on Alcohol 4. Basic Custom Duty 5. Petroleum crude, Diesel, Petrol, ATF & Natural Gas

For any kind of information related to GST or tax, contact your nearest GST Suvidha Kendra. To know about the GST Seva Kendra near you, call 1800-843-5500 or Google Search GST Suvidha Kendra or GST Seva Kendra Near Me.

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