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of <h1>GST to Replace Multiple Central and State Taxes in India, Streamlining Taxation System Under GST Council's Guidance.</h1> The Goods and Services Tax (GST) is designed to replace various existing taxes in India. Central taxes to be subsumed include Central Excise duty, duties of excise on medicinal and toilet preparations, additional duties of excise on goods of special importance and textiles, additional duties of customs (CVD), Special Additional Duty of Customs (SAD), Service Tax, and central surcharges and cesses related to goods and services. State taxes to be subsumed include State VAT, Central Sales Tax, Luxury Tax, Entry Tax, Entertainment and Amusement Tax (excluding local levies), advertisement taxes, Purchase Tax, taxes on lotteries, betting, and gambling, and state surcharges and cesses on goods and services. The GST Council will advise on further tax integration.
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