GST- Kerala PSC GK Notes- Goods and Service Tax

•  Goods and Services Tax (GST) is an indirect tax  used in India on the supply of goods and services
• GST in India was implemented on July 1st 2017.
• Goods and services are divided into five different tax slabs for collection of tax: 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system.
• The Goods and Service Tax (GST) was first implemented in France.
• India's GST is based on the Canadian model
•  GST in India was made on the recommendation of Vijay Kelkar Committee
• The first state which was implemented the GST was Assam.
•  Amitabh Bachchan has been made the brand ambassador of GST.
•  GST has been implemented under article 279 of the Indian Constitution
•  GST Council was formed by the President of India in September 2016.
•  GST has been implemented by the 101st Constitution Amendment Act 2016.
• The GST was the 122nd Constitutional Amendment Bill introduced in the Parliament of India
•  The President of India approved GST bill on 8th September 2016.
•  During passing of GST bill in Parliament, 336 votes casted in the favour of GST bill and 11 votes were against it.
•  There is a provision of 5 years imprisonment for those who do not pay GST.
• GST Council is the governing body of GST having 33 members, out of which 2 members are of centre and 31 members are from 28 state and 3 Union territories with legislation.
• The council contains the following members (a) Union Finance Minister (as chairperson) (b) Union Minister of States in charge of revenue or finance (as member) (c) the ministers of states in charge of finance or taxation or other ministers as nominated by each states government (as member). GST Council is an apex member committee to modify, reconcile or to procure any law or regulation based on the context of goods and services tax in India. 

The 4 types of GST in India are:

1. SGST (State Goods and Services Tax)
2. CGST (Central Goods and Services Tax)
3. IGST (Integrated Goods and Services Tax)
4. UGST (Union Territory Goods and Services Tax)

Project SAKSHAM was started by Central Government to effectively implement GST in the country.

The Kerala government has launched a app called 'Lucky Bill'  that aims to curb GST evasion.

GST State Code for Kerala is 32

GST Motto: One Nation, One Tax, One Market