Written by mjobrr in Technology News Blog
Jul 1 st, 2017
Goods and Simple tax (GST) is an indirect tax throughout India to replace all taxes levied by the central and state governments. It is introduced as The Constitution (122 Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. The GST is governed by GST Council of India and its Chairman is Finance Minister of India. Under GST, goods and Simple Tax will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. GST is now in effect in India from 1st july 2017,
Central Excise Duty
Value Added Tax (VAT)
Central Sales Tax (CST)
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Custard powder, instant coffee, chocolate, perfume, shampoo, accessories beauty or make-up, Diodrent, hair dye / cream, powder, skin care products, sunscreen lotions, manicure / pedicure products, shaving cream, razor, aftershave, liquid soap, detergent , aluminum Fwayl, TVs, refrigerators, washing machines, vacuum cleaners, dishwashers, electric heater, electric hot plates, printers, photocopy and fax machines, leather plant Vodka, Videogames, Video Game Console, Cement, Paint-Varnish, Potti, Ply Board, Marble / Granite (No Block), Plaster, Mica, Steel Pipe, Tiles and Ceramics Products, Plastic Floor Covering and Bath Fittings, Car -Bus truck trucks-tires, lamps, light fittings, aluminum door-window frames, insulated wire-cables.
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