Thursday 11 August 2016

GST to Replace following 16 taxes levied by Centre

GST to Replace following 16 taxes levied by Centre

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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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