Which of the following tax is not subsumed in GST?

(iv) The taxes, levies and fees that are not specifically related to supply of goods & services should not be subsumed under GST. (v) Revenue fairness for both the Union and the States individually would need to be attempted. (viii) Cesses. (ii) Entertainment tax (unless it is levied by the local bodies).

Which tax is not subsumed into?

Stamp duty is not subsumed in GST and will be subsumed as per the tax levied by the government.

Which of the following tax is subsumed in GST?

Answer : The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST. As per explanation to clause (1) of article 269A of the Constitution, IGST will be levied on all imports into the territory of India.

Which tax is not part of GST?

GST will not cover the Road Tax as such taxes like toll tax, road tax, environment tax and others are directly paid by users and will be levied by States directly.

Is sales tax subsumed under GST?

(ii) State taxes that would be subsumed under the GST are:

Central Sales Tax. Luxury Tax. Entry Tax (all forms) Entertainment and Amusement Tax (except when levied by the local bodies)

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Is GST exempted for SEZ unit?

Any supply of goods or services or both to a Special Economic Zone developer/unit will be considered to be a zero-rated supply. That means these supplies attract Zero tax rate under GST. In other words, supplies into SEZ are exempt from GST and are considered as exports.

Which state GST is not applicable?

With Kerala passing an ordinance to approve SGST, all states and union territories (with an Assembly) have now passed the state GST Act, except J&K. It is is the only Indian state where the GST is still in contention.

Is octroi included in GST?

As of 1 July 2017, with the introduction of GST country-wide, the octroi has been abolished.

Who is an unregistered dealer?

Persons whose aggregate turnover in a financial year does not exceed forty lakh rupees are not required to be registered with the GST authorities. Such persons are called unregistered vendors. Any purchases from unregistered vendors do not attract GST.

Who is taxable person in GST?

A ‘taxable person’ under GST, is a person who carries on any business at any place in India and who is registered or required to be registered under the GST Act. Any person who engages in economic activity including trade and commerce is treated as a taxable person.

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