What is GST?

GST is one indirect tax for the whole of India that makes India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Taxes paid at each stage of trade will be available in the subsequent stage of value addition as input credit set off, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.
Goods & Service Tax or GST is an Indirect Tax levied on the supply of goods and services. It has replaced various indirect taxes and brought them under one umbrella to make compliance easier.

(i) Taxes previously levied and collected by the Centre:

  • Central Excise duty
  • Additional Duties of Customs (commonly known as CVD)
  • Special Additional Duty of Customs (SAD)
  • Service Tax

AND

(ii) Taxes previously levied and collected by the State:

  • State VAT
  • Central Sales Tax
  • Entertainment and Amusement Tax (except when levied by the local bodies)
  • Taxes on lotteries, betting, and gambling
  • Luxury Tax
  • Octroi


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Kerala GST - State Goods and Services Tax Department
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