Which taxes at the Centre and State level are being subsumed into GST?
At the Central level, the following taxes are being subsumed: Central Excise Duty Additional Excise Duty Service Tax Additional Customs
Read moreAt the Central level, the following taxes are being subsumed: Central Excise Duty Additional Excise Duty Service Tax Additional Customs
Read moreThe major features of the proposed payments procedures under GST are as follows: Electronic payment process- no generation of paper
Read moreThe major features of the proposed returns filing procedures under GST are as follows: Common return would serve the purpose
Read moreThe major features of the proposed registration procedures under GST are as follows: Existing dealers: Existing VAT/Central excise/Service Tax payers
Read moreThe salient features of the Bill are as follows: Conferring simultaneous power upon Parliament and the State Legislatures to make
Read moreThe Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will
Read moreFor the implementation of GST in the country, the Central and State Governments have jointly registered Goods and Services Tax
Read moreCross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of
Read moreThe Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services
Read moreKeeping in mind the federal structure of India, there will be two components of GST – Central GST (CGST) and
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