Sec 2(48) – Existing Law

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Sec 2(48) – Existing Law 2017-04-14T03:20:59+00:00
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  • Adarsh MadrechaAdarsh Madrecha
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    #1238 |

    “existing law” means any law, notification, order, rule or regulation relating to levy and collection of duty or tax on goods or services or both passed or made before the commencement of this Act by Parliament or any Authority or person having the power to make such law, notification, order, rule or regulation;

    Priya MadrechaPriya Madrecha
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    This covers all the existing Central and State laws (along with the relevant notifications, orders, and regulations), relating to levy of tax on goods or services like Service Tax law, Central Excise law, State VAT laws, etc. Therefore, laws that do not levy tax or duty on goods or services, such as the Indian Stamp Act, 1899, would not be covered here.

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