GST

At the Central level, the following taxes are being subsumed: Central Excise Duty Additional Excise Duty Service Tax Additional Customs

The major features of the proposed payments procedures under GST are as follows: Electronic payment process- no generation of paper

The major features of the proposed returns filing procedures under GST are as follows: Common return would serve the purpose

The major features of the proposed registration procedures under GST are as follows: Existing dealers: Existing VAT/Central excise/Service Tax payers

The salient features of the Bill are as follows: Conferring simultaneous power upon Parliament and the State Legislatures to make

The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will

For the implementation of GST in the country, the Central and State Governments have jointly registered Goods and Services Tax

Cross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of

The Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services

Keeping in mind the federal structure of India, there will be two components of GST – Central GST (CGST) and