The long debated GST bill gets through the upper house of parliament

CaseWare IndiaTaxation

Rajyasabha passed the GST bill on 03/08/2016, with support from majority of the states. This new indirect tax logic unifies most or all of the different central and state duties levied currently. Below is a quick summary of the tax heads which are converging into GST (Goods and Services Tax).

Let us look at it a little bit in detail;

Central Government State Government
Central Excise Duty State VAT
Service Tax Luxury tax
Additional Customs Duty Entry tax
Other Central cess and surcharges Lottery tax
Taxes on betting
Entertainment tax
Other surcharges

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