<p>The Goods and Service Tax (GST) - the comprehensive indirect tax system introduced last year - has found its way into the new Class X textbooks of Maharashtra.</p>.<p>GST figures in the part 1 mathematics (Class X) book brought out by the Maharashtra State Bureau of Textbook Production and Curriculum Research, Pune.</p>.<p>In a chapter on financial planning, the topic of GST has been dealt with extensively, which includes some examples of calculation and slabs.</p>.<p>The topics covered are GST – introduction, GST – tax invoice, GST – computation and ITC and shares, mutual funds and SIP.</p>.<p>The chapter includes details on how all taxes that existed before - like excise duty, customs duty, VAT, entertainment tax, central sales Tax, service tax and octroi - have subsumed under GST.</p>.<p>The chapter also explains how GST has two components - CGST and SGST</p>.<p>CGST is Central GST which is to be paid to the Central government, whereas state GGST is to be paid to the state government.</p>.<p>It also provides an explanation about GSTIN, ie Goods and Service Tax Identification Number.</p>.<p>The book also explain the five slabs – 0 % (zero-rated), 5 % (low-rated), 12 % (standard-rated I slab), 18 % (standard-rated II slab) and 28 % (highly-rated) – along with examples, i e, goods and services, that are covered in these slabs.</p>
<p>The Goods and Service Tax (GST) - the comprehensive indirect tax system introduced last year - has found its way into the new Class X textbooks of Maharashtra.</p>.<p>GST figures in the part 1 mathematics (Class X) book brought out by the Maharashtra State Bureau of Textbook Production and Curriculum Research, Pune.</p>.<p>In a chapter on financial planning, the topic of GST has been dealt with extensively, which includes some examples of calculation and slabs.</p>.<p>The topics covered are GST – introduction, GST – tax invoice, GST – computation and ITC and shares, mutual funds and SIP.</p>.<p>The chapter includes details on how all taxes that existed before - like excise duty, customs duty, VAT, entertainment tax, central sales Tax, service tax and octroi - have subsumed under GST.</p>.<p>The chapter also explains how GST has two components - CGST and SGST</p>.<p>CGST is Central GST which is to be paid to the Central government, whereas state GGST is to be paid to the state government.</p>.<p>It also provides an explanation about GSTIN, ie Goods and Service Tax Identification Number.</p>.<p>The book also explain the five slabs – 0 % (zero-rated), 5 % (low-rated), 12 % (standard-rated I slab), 18 % (standard-rated II slab) and 28 % (highly-rated) – along with examples, i e, goods and services, that are covered in these slabs.</p>