What Taxes Has GST Replaced?

Goods and Services Tax, so before we learn which taxes have been replaced by the GST, we should first understand the Indian taxation system, which is divided into two parts: direct taxes and indirect taxes. The central government collects direct taxes. Indirect tax is collected by the central, state, and municipal governments. In this blog we will dig into the Taxes Are Replaced By GST In India.

Goods and Services Tax (GST) is an indirect tax levied by the Central and State Governments on the sale/purchase or exchange of goods and services across the country. The Act was enacted in Parliament on March 29, 2017 and went into effect on July 1, 2017. It was established only to provide consistency in India's taxation system.

Since new tax regime came into INDIA there are many question arised such as:

Which 17 taxes merged in gst?, What taxes has gst replaced in india?, gst has replaced how many indirect taxes?, which tax is not replaced by gst?, how many taxes are merged in gst?, is corporation tax abolished by gst? So the answer of al these question given in this blog in details.
The Goods and Services Tax (GST) revolutionized India's taxation system by replacing multiple indirect taxes. Here are the List of Taxes Replaced by GST in India, let’s delve into the details:
 

Different Components of GST or the list of taxes merged in gst are following

1. The GST comprises three important components: CGST, SGST, and IGST.
2. CGST - The Central Government of India levies it on intrastate sales of commodities.
3. The State Government collects SGST on intra-state sales.
4. The Central Government of India collects IGST on interstate transactions.

1.   Central Taxes Replaced by GST:
    -   Additional duties of excise  
    -   Central Excise Duty  
    -   Excise duty levied under Medicinal & Toiletries Preparation Act  
    -   Additional duties of Excise levied under Textiles & Textile Products  
    -   Additional duties of Customs (CVD & SAD)  
    -   Service Tax  
    -   Surcharges & Cesses  
    -   Central Sales tax  

2.   State-Level Taxes Replaced by GST:
    -   State VAT/Sales Tax  
    -   Central Sales Tax  
    -   Purchase Tax  
    -   Entertainment Tax (Other than those levied by local bodies)  
    -   Luxury Tax  
    -   Entry Tax (All Forms)  
    -   Taxes on lottery, betting & gambling  
    -   Surcharges & Cesses  
    -   Taxes on advertisements  

3.   Taxes Not Covered by GST:
    -   Property Tax & Stamp Duty  
    -   Electricity Duty  
    -   Excise Duty on Alcohol  
    -   Basic Custom Duty  
    -   Petroleum crude, Diesel, Petrol, ATF & Natural Gas  

Conclusion

GST's motto of "One Nation One Tax" simplified the tax landscape, but certain taxes remain outside its purview. Understanding these changes empowers taxpayers and ensures better compliance.