Curriculum GST in India
GST in India
How the Goods and Services Tax works: why India needed it, value added and input credit, CGST SGST and IGST, the GST Council, rate slabs and the 2025 simplification, exemptions and items outside GST, registration and composition, digital compliance, collections, state compensation, criticisms, and a recap.
- Why India Needed GST Before 2017, a maze of central and state taxes made goods costlier and trade harder; GST replaced many of them with one national tax on goods and services. 📄 Read-aloud
- How GST Works: Value Added at Each Stage GST is collected at every stage but businesses claim credit for tax already paid, so tax falls on the value they add. 📄 Read-aloud
- CGST, SGST and IGST Within a state, GST has a central and a state part; between states, a single integrated tax is charged and shared. 📄 Read-aloud
- The GST Council and Cooperative Federalism The GST Council, with the Union and state finance ministers, decides rates and rules together, and decisions need a large majority. 📄 Read-aloud
- Rate Slabs and the 2025 Simplification GST used to have several slabs from 5 to 28 per cent, and in September 2025 the Council moved to a simpler structure with mainly 5 and 18 per cent. 📄 Read-aloud
- Exemptions, Zero Rating and What Is Outside GST Some goods are exempt, exports are zero-rated, and petrol, diesel, liquor and electricity remain outside GST. 📄 Read-aloud
- GST in India: Checkpoint 1 Quick checkpoint - five questions on gst in india. 5 questions
- Registration, Thresholds and the Composition Scheme Businesses above certain turnover must register, while small firms can choose a simpler composition scheme with lower compliance. 📄 Read-aloud
- Returns, E-Invoicing and E-Way Bills Businesses file regular returns and use digital invoices and e-way bills, creating data that helps the tax department track sales. 📄 Read-aloud
- How Much GST Brings In Monthly collections have grown from around ₹90,000 crore to well above ₹1.5 lakh crore, reflecting better compliance and growth. 📄 Read-aloud
- Compensation, Cess and State Finances States were promised compensation for revenue lost after GST for five years, funded by a cess on luxury and sin goods, and the arrangement created tensions. 📄 Read-aloud
- Criticisms and Reform Debates Critics point to complexity, multiple rates, litigation, delays in refunds and the exclusion of petrol, and debates continue over further reform. 📄 Read-aloud
- GST: Recap A recap of India's biggest tax reform and what it means for people and firms. 📄 Read-aloud