GST in India

Current Indirect Tax Regime

Tax / Duty Incidence of tax Assesse Nature of tax Rate of Tax Government
Custom Duty Import of goods into India Importer Destination based tax on goods BCD - 10%
CVD -12.5%
SAD - 4%
Central Government
Excise Duty Manufacture/Removal of goods Manufacturer/First Stage Dealer Origin based tax on goods 12.5%
4 %
Central Government
Service Tax Provision/receipt of services Service provider/receiver Destination based tax on services 15% Central Government
CST Inter - state sale of goods Dealer of such goods Origin based tax on goods 2%
5%
-15%
State Government
VAT Intra - state sale of goods Dealer of such goods Destination based tax on goods 1%
-15%
State Government
Entry Tax Import of goods from other states Importer (Dealer) of such goods Destination based tax on goods Rate varies locally State Government
Entertainment Tax Event providing entertainment Entertainment provider Destination based tax on entertaining events Rate depends on state/ municipality where event is organized State Government
Octroi Import of goods into municipal area Importer (Dealer) of such goods Destination based tax on goods Rate depends on municipality where goods are consigned Municipality