whether by GST Excise and Custom will be removed?
Gst
(Guest)
2 Replies
CA SENTHIL PRABHU
(CHARTERED ACCOUNTANT)
(132 Points)
Replied 18 May 2012
Yes..All taxes at central level(Customs, Excise etc) will be replaced by Central GST(CGST) and all taxes at state level( entertainment tax, luxury tax, VAT etc ) will be replaced by state GST(CGST)...
CA Sanjay Kumar
(Partner)
(63 Points)
Replied 19 May 2012
if GST will apply ,there will be two type of GST ,one State GST which covered all state taxes like VAT, Octori ,Entry tax and anather will be Central GST which will covered All Central taxes like Excise Service Tax Custome Duty
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