TMI BlogWhich Central and State taxes are proposed to be subsumed under GST?X X X X Extracts X X X X X X X X Extracts X X X X ..... nder GST. While identifying, the following principles were kept in mind: Taxes or levies to be subsumed should be primarily in the nature of indirect taxes, either on the supply of goods or on the supply of services. Taxes or levies to be subsumed should be part of the transaction chain which commences with import/ manufacture/ production of goods or provision of services at one end and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Special Additional Duty of Customs - 4% (SAD) vii. Surcharges, and viii. Cesses. The following State taxes and levies would be, to begin with, subsumed under GST: i. VAT / Sales tax ii. Entertainment tax (unless it is levied by the local bodies). iii. Luxury tax iv. Taxes on lottery, betting and gambling. v. State Cesses and Surcharges in so far as they relate to supply of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on alcoholic beverages as per the existing practice. In case it has been made Vatable by some States, there is no objection to that. Excise Duty, which is presently levied by the States may not also be affected. Tax on Tobacco products: Tobacco products would be subjected to GST with ITC. Centre may be allowed to levy excise duty on tobacco products over and above GST with ITC. Tax on Petro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce / Taxation and Commissioners of Trade Taxes with senior representatives of Department of Revenue, Government of India. For inter-State transactions an innovative model of Integrated GST will be adopted by appropriately aligning and integrating CGST and IGST. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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