GST to Replace following 16 taxes levied by Centre
As per Lok Sabha debate, GST to Replace following 16 taxes levied by Centre
- Central Excise Duty
- Duties of Excise ( Medicinal and Toilet Preparations)
- Additional Duties of Excise (Goods of Special Importance)
- Additional Duties of Excise (Textiles and Textile Products)
- Additional Duties of Customs (commonly known as CVD)
- Special Additional Duty of Customs (SAD)
- Service Tax
- State Taxes subsumed within GST
- State VAT
- Central Sales Tax
- Purchase Tax
- Luxury Tax
- Entry Tax (All forms)
- Entertainment Tax (Not levied by the local bodies)
- Taxes on advertisements
- Taxes on lotteries, betting and gambling
KIP in Touch For More GST UPDATES....
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