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It comprises of two components as you might’ve seen in the bills- a central GST (C-GST) and a state GST (S-GST). The central government levies taxes such as the Central Excise Duty, Duties of Excise for various departments including medicinal and toilet preparations, goods of special importance, textiles and textile products, Customs Duty-CVD and SAD and service charges.
The state or union territory government meanwhile has its own set of taxes including the Value Added Tax (VAT), Luxury Tax, Entry Tax, Taxes on Entertainment and Amusement, Advertisements, lotteries and gambling, purchase taxes, etc.
GST is the sum of C-GST and S-GST (UT-GST). The value of GST is based at 5%, 12%, 18% and 28% of the billing total- meaning the purchaser pays that much percentage extra as tax, which is divided among the components of the GST.
The amount of tax depends mainly on the essentiality of the purchased good or service- to determine if it is a luxury or not-basic necessities being taxed the least and indulgences the most.
There is an additional component added to the end total of the GST known as the IGST- Integrated GST for imports and transactions occurring between states, added by the centre.
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