https://www.taxtmi.com/article/detailed?id=6594 GST will consolidate indirect taxation into a single levy for many goods and services, bringing intangible rights under one tax and enabling input tax credit, while leaving uncertainty over electricity, tourism and hospitality, and sectors carved out or specially treated such as petroleum, alcohol and tobacco; tobacco remains subject to state taxation and excise, raising cumulative tax and compliance concerns, and other areas like real estate, financial services, certain IPRs, health care, education and public transport also require clarification on inclusion and credit rules. en-us Mon, 21 Dec 2015 15:48:52 +0530 Mon, 21 Dec 2015 15:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6594 GST will consolidate indirect taxation into a single levy for many goods and services, bringing intangible rights under one tax and enabling input tax credit, while leaving uncertainty over electricity, tourism and hospitality, and sectors carved out or specially treated such as petroleum, alcohol and tobacco; tobacco remains subject to state taxation and excise, raising cumulative tax and compliance concerns, and other areas like real estate, financial services, certain IPRs, health care, education and public transport also require clarification on inclusion and credit rules. Articles Goods and Services Tax - GST Mon, 21 Dec 2015 15:48:52 +0530 https://www.taxtmi.com/article/detailed?id=6594