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ISSUE OF ADDITIONAL (ENTRY TAX) IN PROPOSED GST

Goods and Services Tax - GST - By: - Dr. Sanjiv Agarwal - Dated:- 19-12-2015 - Additional tax is an additional tax levy whereby states will be allowed to collect tax of one percent over and above the normal GST for the goods that enter the state. Thi .....

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lected by the Government of India for a period of two years or such other period as the Goods and Services Tax Council may recommend.' Manufacturing states such as Maharashtra and Gujarat have demanded they be allowed to levy two per cent additio .....

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ed by the Centre on inter-state supply of goods (and not on services). This additional tax, applicable for a period of two years, will be assigned to states from where the supply of goods originates. The GST Council could further extend the period be .....

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that GST may result in major revenue loss as GST follows a destination based consumption tax model. Hence, a transitory provision has been made under proposed section 18(1) of Constitution (122nd Amendment) Bill, 2014 for levy of 1% additional tax o .....

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movement of goods. Thus, it will be hindrance to inter-state movement of goods. It is yet to be seen whether 1% additional tax will be imposed only at the initial movement from originating State or at each inter-state movement of same goods. Salient .....

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additional tax on all inter-state supplies (including stock transfers) to impose tax burden and increase cash flow issues. Issue of Pre-determined sales may continue to hound, if stock transfers excluded from 1% levy. States may also ask for State GS .....

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