GST

GST (Goods and Services Tax) is an indirect tax that replaced multiple central and state taxes (VAT, service tax, excise duty) on most goods and services in India. As of the 56th GST Council meeting (effective 22 September 2025), the slabs are 0%, 5%, 18%, and 40% — the previous 12% and 28% slabs were abolished. GST is levied on the value added at each stage of supply and is paid by the final consumer.