https://www.taxtmi.com/article/detailed?id=6738 Goods and Services Tax is omitted from the Budget, leaving no roadmap and delaying legislative action; the Budget withdraws several minor cesses and prunes excise and service tax exemptions as preparatory measures, yet introduces an infrastructure cess on specified vehicles and a Krishi Kalyan Cess on taxable services (subject to cenvat credit and parliamentary appropriation). Administrative tweaks are anticipated to align with GST, but rate changes and the GST Council depend on the Constitutional Amendment and finalisation of the draft law. en-us Thu, 10 Mar 2016 07:51:25 +0530 Thu, 10 Mar 2016 07:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6738 Goods and Services Tax is omitted from the Budget, leaving no roadmap and delaying legislative action; the Budget withdraws several minor cesses and prunes excise and service tax exemptions as preparatory measures, yet introduces an infrastructure cess on specified vehicles and a Krishi Kalyan Cess on taxable services (subject to cenvat credit and parliamentary appropriation). Administrative tweaks are anticipated to align with GST, but rate changes and the GST Council depend on the Constitutional Amendment and finalisation of the draft law. Articles Goods and Services Tax - GST Thu, 10 Mar 2016 07:51:25 +0530 https://www.taxtmi.com/article/detailed?id=6738