How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

Dear Experts,
Can any body give me some idea about GST.
And which office will look the matter wheather central or state.

Thanks and regards,
R.Dutta

If the introduction of GST regime would render the present Excise law, custom law, Service Tax , VAT , CST go redundant & obsolete .
Kindly provide a crystal clear picture of Tax scenario after induction of GST .

Will the immplementation of GST, in any way affect the parallel No. 2 business in indian economy?
Is their any procedure in GST to track the parallel business or does it depend only on individualls to get their mind change for parallel business?

Please guide me from where i can enhance my knowledege of GST....or i can get the books or other material..

Thanks in advance

Mayank Mahajan
+91-97 185 13992

Whether GST will be included in the syllabus for november,2010 attempt of C.A Finals???

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

SIR,

WHETHER SALE AGST. H FORM IS TREATED AS EXPORT SALE IN EXCISE OR NOT & SAME IS EXCLUDED WHILE CALCULATING LIMIT OF TURNOVER LIMIT OF 150 LAKHS FOR SSI UNIT ?

THANKS

If there is a

Long Term Capital Loss on Sale of Eq Shares thro reco. Stock Ex (STT paid)
Rs. 10 lacs &

Long Term Capital Gain on sale of Eq. Shares (STT not paid) Rs. 7 lacs

If other incomes being NIL

what will be the tax incidence precisely?