← Concept Library · Economy
Economy GS 3 In the news 4 times

GST Architecture

Structure, Components, and Revenue Sharing

India's Goods and Services Tax, introduced on July 1, 2017, replaced a complex, cascading multi-tax system (central excise, service tax, VAT, etc.) with a unified destination-based consumption tax. It operates under a dual structure: CGST (Central GST) and SGST (State GST) apply concurrently on intra-state supplies, while IGST (Integrated GST) applies on inter-state supplies and imports.

Revenue sharing under GST follows destination-based principles: CGST goes entirely to the Centre; SGST goes entirely to the state of supply; IGST from inter-state transactions is apportioned to the destination state after the Centre retains its share. For intra-state transactions, CGST and SGST are split 50:50 between Centre and state.

Key details
  • Constitutional basis: Article 246A (inserted by the 101st Constitutional Amendment, 2016) grants both Parliament and State Legislatures concurrent power to legislate on GST.
  • The GST Council (Article 279A) is the constitutional body chaired by the Union Finance Minister, with state finance ministers as members; it makes recommendations on rates, exemptions, and threshold limits.
  • GST replaced 17 indirect taxes and 13 cesses at the central and state level.
  • The original rate structure had 5 slabs: 0%, 5%, 12%, 18%, 28% (plus cess on luxury/demerit goods).
  • The 56th GST Council meeting (September 2025) rationalised slabs — abolishing the 12% and 28% tiers and introducing a 40% slab for luxury and sin goods.
In the news

Tracked since April 01, 2026 · last seen July 01, 2026 · updates as the daily brief publishes

See it in today’s brief. Daily current affairs with every static concept explained in place.
Read the daily brief