Can government still levy excise on goods After GST Law ? The modified list provides that excise duty may be levied only on petroleum/petroleum products and tobacco/tobacco products, thereby limiting Central Excise Act’s scope to these specified products.
Tag Archives: GST
Goods and Services Tax i.e.GST is just the replacement of Indirect taxes like Sales tax,Service tax and Excise duty.which indirectly effect the customers
Transitional Provisions under Goods and Service Tax As Goods and Service Tax will bring in Business Transformation; it’s important to understand the Transitional Provisions to ensure that the proposed tax system takes care of existing tax credits, payments and should not be a “TAX COST” for the assessee’s in GST.
Goods and Service Tax – Export of Goods & Services GST is just result in Business Transformation not the change in Tax Structure . One would definitely witness the Growth in Exports with the introduction of GST.
Opportunities in GST for Chartered Accountants Dreams of GST may be true very soon. The bill has been approved in Rajya Sabha by majority on 03.08.2016. GST may be implemented with effect from April 2017.
Implementation of GST to attract more FDI ‘Around seventy two per cent respondents felt investments can rise across sectors and a big portion of this can are available the shape of FDI.