Replacement of traditional acts by gst

CA Amrita Chattopadhyay (Audit & Assurance) (13029 Points)

22 August 2016  

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