Question

Which of the taxes are subsumed under GST?

1. Service tax
2. Purchase Tax
3. Central sales Tax
4. Customs duties

Which of the above statements are correct

• A.
  1 and 3 only
• B.
  1 , 2 and 3
• C.
  1 , 3 and 4
• D.
  1, 2 , 3 and 4

Answer 1

The correct option is B

1 , 2 and 3
Taxes currently levied and collected by the Centre are Central Excise duty, Duties of Excise (Medicinal and Toilet Preparations), Additional Duties of Excise (Goods of Special Importance), Additional Duties of Excise (Textiles and Textile Products), Additional Duties of Customs (commonly known as CVD), Special Additional Duty of Customs (SAD), Service Tax, Central Surcharges and Cesses so far as they relate to supply of goods and service.

State taxes that would be subsumed under the GST are State VAT, Central Sales Tax, Luxury Tax, Entry Tax (all forms), Entertainment and Amusement Tax (except when levied by the local bodies), Taxes on advertisements eg. Purchase Tax, Taxes on lotteries, betting and gambling, State Surcharges and Cesses so far as they relate to supply of goods and services.

Customs duties are not included in GST regime