GST ( goods and services tax) is an Indirect Tax which replaced many Indirect Taxes in India. The good and services tax act was passed in 2017 and has been implemented since then.
Before GST, taxes such as service taxes, state vats, entry taxes, luxury taxes were applied on goods. These taxes have been absorbed under GST. Similarly, Service tax, entertainment tax were levied on services. Now there is only a single tax, that is, GST. Under GST, tax is levied directly at every point of sale. Below taxes are not subsumed in GST.
1.Custom Duty - The Countervailing Duty (CVD) and Special Additional Duty (SAD) will subsumed under GST,
but the Basic Customs Duty (BCD) will be charged according to current law only and not GST.
2.Stamp Duty - The buyer has to the pay stamp duty for the registration of the property, and GST will not cover Stamp duty and will be subsumed as per the tax levied by the government.
3. Vehicle Tax - GST does not cover road tax, so the Vehicle Tax will not be charged under GST, and will remain under the Motor Vehicle Act.
4. Excise on Liquor - For the time being, Liquor has been kept outside the GST.
5. Tax on Sale and Consumption of Electricity
6. Entry Taxes and Toll - GST will not cover the Toll Tax as such taxes like road tax, toll tax, environment tax and others are directly paid by users and will be levied by States directly.
7. Entertainment Tax (Levied by Local Bodies)
8. Road Tax - GST will not cover the Road Tax as such taxes like toll tax, road tax, environment tax and others are directly paid by users and will be levied by States directly.
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