News All you need to know about GST

[IndianMascot]

Income tax also?

Nope. Sorry i was wrong. Its not included. .

 

[IndianMascot]

The following indirect taxes from state and central level is expected to be integrated with GST

State taxes

• VAT/Sales Tax
• Entertainment Tax (unless it is levied by local bodies)
• Luxury Tax
• Taxes on lottery, betting and gambling.
• State cess and surcharges in so far as they relate to supply of goods and services.
• Entry tax not on in lieu of octroi.

Central Taxes

• Central Excise Duty.
• Additional Excise Duty.
• The Excise Duty levied under the medical and Toiletries Preparation Act
• Service Tax.
• Additional Customs Duty, commonly known as countervailing Duty (CVD)
• Special Additional duty of customs(SAD)
• Surcharges

All about Goods and Service Tax (GST) in India

 

[Technoglitch]

all these taxes are collected by the central and then distributed to the state?

 

[IndianMascot]

Nope State and Central taxes are collected differently.