gst in india  


VAT Service Tax India
Service Tax New Delhi
Central Excise and Service Tax
Service Tax Cenvat
Service Tax Exemption
Service Tax Tribunal

Justification of GST
Preparation for GST
Purchase Tax of GST
GST Rate Structure
VAT at the Central & State level
Goods & Services Tax Model For India
Central and State Taxes under GST
Special Industrial Area Scheme
Inter-State Transactions of Goods
Rules for CGST and SGST
Implementation of GST

GST Cement Industry

The Cement industry, being a core sector industry, producing the basic construction material essential for any construction activity, be it infrastructure, hospitals, housing, community development projects etc., plays a lead role in country’s economic development and hence deserves due support from the Governments – central and states, for its healthy growth.

Proposed GST: Goods and Services Tax (GST) proposed from 1.4.2010 seeks to ensure simple and unambiguous tax laws, would replace taxes such as Octroi, Central Sales Tax, Turnover Tax, Tax on Consumption or Sale of Electricity, Tax on Transport of Goods and Services and elimiante cascading effects of multiple layers of taxation system presently in vogue. It should aim at facilitating seamless credit across the entire supply chain and across all states under a common tax base.

The taxes proposed to be subsumed in GST include–

At the Central level:

  • Excise Duty, Additional Excise Duty, Service Tax, CVD, SAD and Surcharge.

At the State level:

  • VAT, Entertainment Tax, Luxury Tax, Tax on Lottery, Entry Tax other than the local Government.

The following taxes are not proposed to be included in GST–

At the Central level:

  • Specific cess,
  • Excise duty on tobacco products (in addition to GST).

At the State level:

  • Entertainment tax (local Bodies),
  • Items containing alcohol,
  • Entry Tax for local bodies,
  • Electricity duty.
  • Mining royalty or cess

 

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