Gst stands for goods and services tax.It came into effect from July 1, 2017 in India. GST is indirect tax levied on supply of goods and service. The tax replaced multiple cascading taxes levied by centre and state in India. Gst Council is governing body of Gst. Under Article366(12A) of constitution, GST has been defined to mean “any tax on supply of goods or services or both except taxes on supply of the alcoholic liquor for human consumption”. Gst return filing in Delhi @ 350 , contact 9818148382
Taxes at the Centre and State level, which has been subsumed into GST
|At the Central level, the following taxes are being subsumed:-||At the State level, the following taxes are being subsumed:-|
|Service Tax||State VAT|
|Duties of Excise (Medicinal and Toilet Preparations)||Central Sales Tax|
|Additional Duties of Excise (Goods of Special Importance)||Entry Tax|
|Additional Duties of Excise (Textiles and Textile Products)||Luxury Tax|
|Special Additional Duty of Customs (SAD)||Taxes on advertisements|
|Central Excise duty||Entertainment and Amusement Tax (except when levied by the local bodies)|
|Central Surcharges and Cesses so far as they relate to supply of goods and servicesetc||. Purchase Tax, . Taxes on lotteries, betting and gambling , State Surcharges and Cesses so far as they relate to supply of goods and services etc|
Further,the GST Council shall make recommendations to the Union and States on the taxes, cesses and surcharges levied by the Centre, the States and the local bodies which may be subsumed in the GST.
Taxes at the Centre and State level,which are not being subsumed into GST
|At Centre level||At state level|
|Basic Customs Duty||State Excise Duty|
|Profession Tax(Since it is direct tax)|
|Motor Vehicle Tax|
|call 9818148382 for free Gst registration||Etc|
Commodities to be kept outside purview of Gst
Article 366(12A) of the Constitution defines the Goods and Services tax (GST) as a tax on supply of goods or services or both, except supply of alcoholic liquor for human consumption. Gst registration in Darbhanga @ 999
So, alcohol for human consumption is kept out of GST by way of definition of GST in constitution.
Further,Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out and GST Council shall decide the date from which they shall be included in GST.
Treatment of tobacco and tobacco products under Gst
Tobacco and tobacco products would be subject to GST. In addition, the Centre levies Central Excise duty on these products.
Summary of commodity outside purview of GST and treatment of tobacco products under GST regime
|Five petroleum product||Temporarily kept outside preview of gst till notification comes in this regard||Central ED||VAT/CST||NO(Till the date of notification)|
|Tobbacco||Gst as well as central ED applies to it.||Central ED||Not applicable||Yes|
|Alcohol for human consuption||Excluded from definition of GST as given in contitution||State ED||VAT/CST||NO|
Contact for Gst return filing in Delhi at just ₹499 only. (Mob-9818148382)