How many taxes are included in GST ?
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The single GST subsumed several taxes and levies, which included central excise duty, services tax, additional customs duty, surcharges, state-level value added tax and Octroi. Other levies which were applicable on inter-state transportation of goods have also been done away with in GST regime.
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India has four GST rate structure - 5%, 12%, 18% and 28%. State Tax GST has replaced taxes on advertisements, entertainment & amusement tax and luxury tax, among others. Central Taxes GST has subsumed service tax, central excise duty and additional duties of excise (goods of special importance), among others
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