Replacement of traditional acts by gst

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CA Amrita Chattopadhyay

Audit & Assurance

13459 Points Joined July 2011

GST to replace following taxes levied by Centre

Central Excise Duty
Duties of Excise (Medicinal and Toilet preparation)
Additional duties of Excise (Goods of Special importance)
Additional duties of Excise (Textiles and Textiles products)
Additional duties of Customs (Commonly known as CVD)
Special additional duties of Customs (SAD)
Service Tax

GST to replace following taxes levied by States

State VAT
Central Sales Tax
Purchase Tax
Luxury Tax
Entry Tax ( all forms)
Entertainment Tax (Not levied by Local bodies)
Taxes on advertisements
Taxes on lotteries, betting and gambling

Replies (3)

Vineeth PN

Account Assistant

687 Points Joined June 2014

AND STATE,CENTRAL CESSESS & SURCHARGES..

CA Amrita Chattopadhyay

Audit & Assurance

13459 Points Joined July 2011

Cess and surcharges are part of the taxes. If the taxes are abolished the cess and surcharges also stand abolished.

After GST enactment the following will replace the various taxes presently being levied by Central & State Government(s). The CGST will subsume following taxes levied by Central Government: -

1) Central excise duty (Cenvat),
2) Service tax,
3) Additional duties of customs;
4) Central sales tax

And SGST will subsume following taxes levied by State Government: -

1) Value-Added Tax (VAT)
2) Entertainment tax
3) Luxury tax
4) Octroi,
5) Lottery taxes
6) Electricity duty
7) State surcharges related to supply of goods and services &

T S V Diwakar, Advocate