It is referred to as Goods and Services Tax because it is applicable on the supply of both Goods and Services. It has replaced almost 17 of the existing state and central indirect taxes such as central excise duty, additional customs duty, VAT, entertainment tax, service tax etc.

OBC- Other Backward Class, PWD- Persons with Disabilities. GST was introduced to replace multiple indirect taxes levied by State and Central Governments in order to simplify the indirect tax system. e Abbreviations used in the table: UR - Unreserved, E.C.-Exempted category, S.C.-Scheduled Caste.

Central Sales Tax (relevant for certain goods only).

Excise duty (on Petrol, diesel, natural gas, alcohol).

The following is the list of indirect taxes, currently in India: Some of these are levied by the Central Government whereas some are levied by the State Government making the indirect tax system an extremely complicated system. Fill in the blanks Multiple Meaning /Error Spotting Paragraph Completion. Unlike a direct tax, indirect tax should be borne by the end customer, rich and poor are treated alike. The vacancy distribution for states and categories has been tabulated below. Instead, it is imposed on goods and services transacted which, in turn, increases the cost or MRP of those goods and services. Indirect tax is not imposed directly on the income of the persons, as mentioned above.

Wealth Tax (Abolished and revoked later).

The following is a list of direct taxes relevant in India: Hence, the tax incidence falls on the single person or the assessee and such incidence or tax-paying responsibility cannot be passed onto any other person. So, the more you earn, the more tax you pay to the Government which essentially means the rich pay more tax in comparison to the poor.

The amount of tax payable varies on the income earned by the individual from various sources such as salary, house rent income, Bank FD interest, etc. Direct Tax is imposed on the income of an assessee (individual or company or firm or HUF or any other person).

Exempted category meaning in bengali