Implications of Indian warehousing: pre and post GST

Abstract

The Goods and Services Tax (GST) is the biggest indirect tax reform undertaken in India since independence. Under the GST regime, a host of indirect taxes including the Value Added Tax (VAT), Excise Duty, Sales Tax, Octroi etc. have been replaced with a single, unified tax called the GST. The GST can be divided into three categories - CGST, SGST and IGST. While the CGST and SGST are tax rates applicable on intrastate sales claimed by the Central and State government respectively, the IGST is the tax rate on interstate sales and is claimed by the Central Government.