Goods and service tax

[Santosh Kumar]

Whether Goods and Service Tax is on supply or on consumption?

[Brijesh Verma]

According to the road-map and other drafts on the matter, it seems that GST would be a destination based consumption tax.

[rishi mohan]

The goods and service tax (GST) is proposed to be a comprehensive study on indirect taxes which is levied on manufacture, sale and consumption of goods as well as services at a national level.Therefore goods and service tax shall be on consumption basis.

AI Summary

Destination-based consumption tax treats GST as levied on consumption of goods and services at the national level. GST is envisaged as a destination based consumption tax. Draft road-maps and respondent replies describe GST as a comprehensive indirect tax levied at the national level on the manufacture, sale and consumption of goods and services, with its incidence placed on consumption rather than production.