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GST is for the central govt which combines all taxes under one umbrella but you still end up pay for income tax as well as respective state tax. So your tax wo
by ForFreedom 9y ago
GST is for the central govt which combines all taxes under one umbrella but you still end up pay for income tax as well as respective state tax.
So your tax would be GST + State GST.
The idea one nation one tax is wrong because if you purchase a car in delhi it is not the same price as the one purchased in nagercoil,TN. Had it been the same price then "One Nation, One Tax" was relevant.
- brajesh 9y agoGST replaces both central and state taxes. States' share is 50% of GST (CGST and SGST). Only alcohol, petroleum and electricity is kept out of GST, which are still taxed at state level.
- ForFreedom 9y agoIf you see the invoices CGST & SGST is mentioned separately.
- rtx 9y agoJust for refrence.
- demonshreder 9y agoTrue but it is as mentioned above 50% each, eg. Eating out is charged 18% GST, half of which would go to state and the other half to the centre. 9% + 9% of the bill value.
- himlukita 9y agoThe system is "One Nation, One Tax" not "One Nation, One Price". Price of a product depends on several factors other than taxes. For example, if GST on a product is 18% then this tax includes CGST of 9% and SGST of 9% (which means 9% tax will go to state government and 9% to central government). There are no separate taxes by states and central govt except on alcohol, petroleum and electricity.