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– The Central Goods and Services Tax Act, 2017

(Act 12 of 2017, dt. 12-4-2017, w.e.f. 1-7-2017

[As amended by the Finance (No. 2) Act, 2024

– The Central Goods and Services Tax (Extension to Jammu and Kashmir)

Act, 2017 (Act 26 of 2017, dt. 23-8-2017, w.r.e.f. 8-7-2017)

– The Integrated Goods and Services Tax Act, 2017 [Act 13 of 2017, dt. 12-4-2017, w.e.f. 1-7-2017]

[As amended by the Finance Act, 2023 (8 of 2023), dt. 31-3-2023, w.e.f. 1-10-2023 and

IGST (Amdt.) Act, 2023 (31 of 2023), dt. 18-8-2023, w.e.f. 1-10-2023]

– The Integrated Goods and Services Tax (Extension to Jammu and Kashmir)

Act, 2017 (Act 27 of 2017, dt. 23-8-2017, w.r.e.f. 8-7-2017)

– The Union Territory Goods and Services Tax Act, 2017

(Act 14 of 2017, dt. 12-4-2017, w.e.f. 1-7-2017)

[As amended by the Finance Act, 2020 (12 of 2020) dt. 27-3-2020]

– The Goods and Services Tax (Compensation to States) Act, 2017

(Act 15 of 2017), dt. 12-4-2017, w.e.f. 1-7-2017)

[As amended by the Finance Act, 2023 (8 of 2023), dt. 31-3-2023, w.e.f. 1-4-2023, vide SO 1566(E), dt. 31-3-2023]

– The Central Goods and Services Tax Rules, 2017 with Forms

[Noti. No. 3/2017-CT, dt. 19-6-2017]

[As amended vide Noti. No. 02/2024-Central Tax, dt. 5-1-2024, w.e.f. 31-12-2023]

– The Integrated Goods and Services Tax Rules, 2017 with Forms

[Noti. No. 4/2017-Integrated Tax, dt. 28-6-2017, w.e.f. 22-6-2017]

(As amended vide Noti. No. 4/2018-Integrated Tax, dt. 31-12-2018, w.e.f. 1-1-2019)

– The Goods and Services Tax Compensation Cess Rules, 2017

[Noti. No. 2/2017-Compensation Cess, dt. 1-7-2017]

– The Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022

[Noti. No. 1/2022-Compensation Cess, dt. 24-6-2022]

– The Goods and Services Tax Settlement of Funds Rules, 2017

– The Goods and Services Tax Appellate Tribunal (Appointment & Conditions of Service of President & Members) Rules, 2023, dt. 25-10-2023.

The Goods and Services Tax (GST) is an indirect tax introduced in India on 1 July 2017, replacing a range of pre-existing taxes like VAT, service tax, central excise duty, entertainment tax, and octroi. GST unified the country’s tax structure, simplifying the taxation of goods and services and eliminating the need for multiple taxes previously levied by both central and state governments.

GST is a comprehensive, multistage, and destination-based tax. It is considered comprehensive because it has replaced most indirect taxes, with a few exceptions for state taxes. The tax is multi-staged as it is levied at every stage of the production process, but is refunded to all parties involved, except the final consumer. Its destination-based nature means that the tax is collected at the point of consumption, rather than at the point of origin, marking a significant departure from previous tax systems.

The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day.^[1]

GST was initially structured with multiple tax slabs—0%, 5%, 12%, 18%, 28%, and 40%. However, certain goods such as petroleum products, alcoholic beverages, and electricity were excluded from GST and continued to be taxed separately by state governments under the previous tax system.^[2] Additionally, specific items like rough precious and semi-precious stones attracted a special rate of 0.25%, while gold was taxed at 3%.^[3] A cess of 22% or other rates applied on top of the 28% GST for certain luxury items such as aerated drinks, luxury cars, and tobacco products.^[4] Preceding the implementation of GST, the statutory tax rate for most goods was approximately 26.5%, with post-GST rates generally falling in the 18% range.

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