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 Copper Industry - Issues in context of GSTNBFCs

Differential duty rates between Cotton and MMF

The growth of MMF in India has got stunted due to differential duty rates between Cotton and MMF at different stages of value chain.

Proposal: In order to have a similar growth of MMF in India, as in the rest of the world, it is important that a uniform rate of GST is kept for all fibers i.e. Cotton and MMF.

Electricity Duty

Nearly 4102 kwh of Electricity is consumed for producing per ton of Viscose Filament Yarn. Presently, set off of Electricity Duty is not available to the producers against their output liability.

The Electricity Duty translates to approx Rs. 1641 per MT of VFY’s cost of production.

Proposal: There is a strong case for subsuming Electricity Duty in GST, for meeting the major objectives of GST namely avoiding cascading effect of taxes, simplification and avoiding multiplicity of taxes


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