https://www.taxtmi.com/acts?id=20174 Principles for subsuming taxes under GST prioritize indirect taxes on the supply chain, preservation of input tax credit flow, and exclusion of levies not tied to supply. Recommended Central levies for subsumption include central excise, additional excise, excise on medicinal and toiletry preparations, service tax, countervailing duty, special additional duty of customs, surcharges and cesses. Recommended State levies include VAT/sales tax, most entertainment tax, luxury tax, lottery/betting/gambling taxes, State cesses/surcharges related to supply, and entry tax not in lieu of octroi. Special rules address purchase tax, alcohol exclusion, tobacco within GST with ITC, petroleum exclusions, and an Integrated GST model for inter State supplies. en-us Fri, 11 Dec 2015 18:14:23 +0530 Sat, 12 Dec 2015 01:39:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20174 Principles for subsuming taxes under GST prioritize indirect taxes on the supply chain, preservation of input tax credit flow, and exclusion of levies not tied to supply. Recommended Central levies for subsumption include central excise, additional excise, excise on medicinal and toiletry preparations, service tax, countervailing duty, special additional duty of customs, surcharges and cesses. Recommended State levies include VAT/sales tax, most entertainment tax, luxury tax, lottery/betting/gambling taxes, State cesses/surcharges related to supply, and entry tax not in lieu of octroi. Special rules address purchase tax, alcohol exclusion, tobacco within GST with ITC, petroleum exclusions, and an Integrated GST model for inter State supplies. Act-Rules Bills Fri, 11 Dec 2015 18:14:23 +0530 https://www.taxtmi.com/acts?id=20174