Introduction
GST, which is considered as biggest tax reform since 1947 which
seeks to replace a slew of taxes and levies in 29 states and aims
to simplify and harmonise the indirect tax regime in the country.
Implementation of GST will bid farewell to the different indirect
taxes that are currently applicable in different states, thereby
bringing about uniform taxation across states. GST is seen as an
economic unifier that brings all the states and the centre
together. This is going to be a regime that transcends all borders
within the country.
How will a transaction be taxed simultaneously under Dual GST
within a state?
The Central and State GST would be levied simultaneously on
every transaction of supply of goods and services except on
exempted goods and services which are out of the purview of GST and
are below the prescribed threshold limits. Further both would be
levied on the same price unlike State VAT which is levied on the
value of goods that is
