https://www.taxtmi.com/article/detailed?id=6426 The document outlines principles for subsuming indirect taxes into the Goods and Services Tax: subsumption should target indirect taxes on supply, enable free flow of input tax credits across intra and inter State transactions, exclude levies not related to supply, and aim for revenue fairness. It lists Central taxes (excise, service tax, CVD, SAD, certain cesses) and State taxes (VAT/sales tax, entertainment, luxury, lottery taxes, octroi/entry tax, purchase tax) to be subsumed. Alcohol for human consumption is excluded; tobacco is included but may attract separate excise; petroleum products are to transition later; certain duties and user fees are not subsumed. en-us Mon, 07 Sep 2015 07:51:26 +0530 Mon, 07 Sep 2015 07:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6426 The document outlines principles for subsuming indirect taxes into the Goods and Services Tax: subsumption should target indirect taxes on supply, enable free flow of input tax credits across intra and inter State transactions, exclude levies not related to supply, and aim for revenue fairness. It lists Central taxes (excise, service tax, CVD, SAD, certain cesses) and State taxes (VAT/sales tax, entertainment, luxury, lottery taxes, octroi/entry tax, purchase tax) to be subsumed. Alcohol for human consumption is excluded; tobacco is included but may attract separate excise; petroleum products are to transition later; certain duties and user fees are not subsumed. Articles Goods and Services Tax - GST Mon, 07 Sep 2015 07:51:26 +0530 https://www.taxtmi.com/article/detailed?id=6426