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The primary objective of the GST certificate is to eradicate the double taxation or tax on tax which cascades at different levels of manufacturing to consumption.
Thus, it supersedes the number of Central taxes such as Excise Duty, Service Tax, CST, and State tax such as VAT (Value added tax), Octroi, Entertainment Tax, Luxury Tax.
To be noted, GST is charged at each step of the supply chain. Thus an individual has to pay GST at three levels of the supply chain: the purchase of raw materials, selling to wholesalers, and selling to consumers.
Additionally, taxpayers who comprise a turnover below Rs 1.5 crore can apply for the composition scheme, which will prevent the taxpayer from tedious formalities of GST and pay GST at a fixed rate of turnover.