Hi,

As we are paying service tax which is collected in sales invoice , and purchsed some vehicle and that inclusive of cenvat excise 10.30% & also vat . Can we get set off at the time of payment of service tax after deducting the cenvat excise which was paid at the time purchasing vehicle? pls provide suggestion & also some supports from notes on that matter. as the output was generated form shipping income & input of cenvat is generated from bulker vehicle which was used for transport businee by road , so get the set off this

I Want GST Hindi Version pls mail it at my email id j.chugh@yahoo.co.in

Respected All,


Please provide detail of GST


Regards.

Pawan
EMail: pdixit321@gmail.com

will the existing assesses who have obtained registration under Service Tax have to re register under GST once it is introduced

Kindly give some brief of above captioned subject.

if the rate of GST on goods and Service be fixed at 20% and 16%, then please clarify , what would be the rate of service tax for an assessee who need not to pay sales tax, either CST or LST-----regards

CMA. Sanjib Das

Please forward me a breif overview on "GST in India".

Madam/Sir,
I want to know how tax will be calculated 20% Tax on GST & 16% on Service Tax and its effect on VAT, Excise & Service Tax? What is the difference between CGST & SGST ? Kindly Clarify.

Please tell me whole procedure of SFIS credit taken and utilization of SFIS agst the custom duty liability?
What is limit export to avabil the the credit of SFIS?

How SFIS credit save our custom duty liability

How we make the accounting entries for these transaction.

New Delhi: Breaking News! Finance minister Pranab Mukherjee has proposed a three-rate structure for the Goods and Services Tax (GST) under which essential items, services and goods tax rates will be fixed at 12%, 16% & 20% respectively.


The new structure of GST is planned to be implemented from April 1, 2011. According to the new indirect tax regime, all the central and state taxes including excise, VAT and service tax will be enrolled into GST.


Mukherjee said that the total revenue from GST will be shared equally between the centre and states. The 20% taxes on goods, 16% on services and essential items 12% will be equally divided between the centre and the state.


Again, 15% tax will be implemented on the trade and industry as per the dual rate structure for goods, Mukherjee said at a meeting on Wednesday.


IS it true?