Goods & Service Tax

GST is a comprehensive indirect tax levy subsuming all central and state levies. GST is a destination based consumption tax levied on supply of goods and services. It is proposed to be levied at all stages right from manufacture up to the final consumption with credit of taxes paid at all previous stages.

India has adopted a dual GST model where Central and State Governments will simultaneously levy GST on a common tax base. On intra-state supply of goods and services, Central GST ('CGST') and State GST ('SGST') will be levied. CGST will be levied and administered by Central Government whereas SGST will be levied and administered by State Government. Similarly, Integrated GST (IGST) will be levied on every inter-State supply of goods and services (including import) by the Central Government.