Which of the existing taxes are proposed to be subsumed under GST?

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Which of the existing taxes are proposed to be subsumed under GST? 2016-12-23T15:34:12+00:00

GST India Forum – Goods and Services Tax (GST) in India Forums Discussion Which of the existing taxes are proposed to be subsumed under GST?

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  • AjitJainAjitJain
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    #493 |

    I have heard that GST will be one single tax for all the indirect taxes in India. So, how many taxes will exactly be merged into GST.

    ModeratorModerator
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    The GST would replace the following taxes:

    Taxes currently levied and collected by the Centre:

    a. Central Excise duty
    b. Duties of Excise (Medicinal and Toilet Preparations)
    c. Additional Duties of Excise (Goods of Special Importance)
    d. Additional Duties of Excise (Textiles and Textile Products)
    e. Additional Duties of Customs (commonly known as CVD)
    f. Special Additional Duty of Customs (SAD)
    g. Service Tax
    h. Central Surcharges and Cesses so far as they relate to supply of goods and services

    State taxes that would be subsumed under the GST are:

    a. State VAT
    b. Central Sales Tax
    c. Luxury Tax
    d. Entry Tax (all forms)
    e. Entertainment and Amusement Tax (except when levied by the local bodies)
    f. Taxes on advertisements
    g. Purchase Tax
    h. Taxes on lotteries, betting and gambling
    i. State Surcharges and Cesses so far as they relate to supply of goods and services

    The GST Council shall make recommendations to the Union and States on the taxes, cesses and surcharges levied by the Centre, the States and the local bodies which may be subsumed in the GST.

    Sunil SmoSunil Smo
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    The GST would replace the following taxes:

    (i) Taxes currently levied and collected by the Centre:
    a. Central Excise duty
    b. Duties of Excise (Medicinal and Toilet Preparations)
    c. Additional Duties of Excise (Goods of Special Importance)
    d. Additional Duties of Excise (Textiles and Textile Products)
    e. Additional Duties of Customs (commonly known as CVD)
    f. Special Additional Duty of Customs (SAD)
    g. Service Tax
    h. Central Surcharges and Cesses so far as they relate to supply of goods and services

    1 user thanked author for this post.
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