rates of taxes, the commodity/item
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Goods and Services Tax framework replacing multiple indirect taxes with dual CGST and SGST and restricted input tax setoff.
The proposed Goods and Services Tax consolidates multiple state and central indirect taxes into a dual CGST/SGST value added system with broad input tax setoff. Supply of goods and services is the taxable event; taxpayers receive PAN based identification; tax is collected on value added and paid separately to central and state accounts. Input tax credit is generally restricted to the corresponding tax head, with an integrated GST proposed for interstate transactions; applicability is subject to turnover thresholds and specified exemptions. (AI Summary)
Please tell me how can I find the slab of taxes commodity wise.
For Delhi only.
2.What is GST tell me some thing about it.
Goods and Services Tax - GST