Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments

Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments https://www.taxtmi.com/news?id=18063 Implementation of the Goods and Services Tax (GST) replaces layered central excise, state VAT and local levies with consolidated GST bands, reducing aggregate tax incidence on specified commodities: packaged cement proposed at 28% GST; medicaments and medical devices proposed at 12% GST; smart phones proposed at 12% GST. Puja samagri including havan samagri is indicated for the Nil category pending final formulation. en-us Tue, 23 May 2017 09:42:24 +0530 Tue, 23 May 2017 09:42:24 +0530 TaxTMI RSS Generator Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments https://www.taxtmi.com/news?id=18063 Implementation of the Goods and Services Tax (GST) replaces layered central excise, state VAT and local levies with consolidated GST bands, reducing aggregate tax incidence on specified commodities: packaged cement proposed at 28% GST; medicaments and medical devices proposed at 12% GST; smart phones proposed at 12% GST. Puja samagri including havan samagri is indicated for the Nil category pending final formulation. News - Tue, 23 May 2017 09:42:24 +0530 https://www.taxtmi.com/news?id=18063