Теория:

 Goods And Services Tax- GST
  • The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.
  • The GST is remitted by the consumers and the traders and is one of the sources of income to the government.
Key Takeaways: 
  • GST is an Indirect tax.
  • The GST is shared by the Central and State Governments equally.
  • GST is destination based Tax.
 
Types of GST:
  • Central GST, (CGST),
  • State GST (SGST),
  • Integrated GST (IGST) and for union territories, there is UTGST.
  
Products Under GST:
  • The products such as hair oil, toothpaste, soap, computers and processed food, etc., come under GST.
  • All these kind of products comes under the tax slab of \(5\%,12 \%, 18 \%\)  and \(28 \%\).
  
Exempted Products On GST:
  • There are also many products like eggs, honey, milk, salt, etc., which are exempted from GST.
  • Products like petrol, diesel etc., do not come under GST and they are taxed separately.