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|