Purchase Tax and GST in India

 

What is Goods and Service Tax (GST)

GST, frequently asked Questions

 

Purchase Tax and GST in India

 

 

This post is about the revenue loss of states in India when Goods and Service Tax (GST) is introduced. Will there be a revenue loss to some of the states strong in cultivation of food grains?

 

Some of the States felt that they are getting substantial revenue from Purchase Tax and, therefore, it should not be subsumed under GST while majority of the States were of the view that no such exemptions should be given. The difficulties of the food grain producing States was appreciated as substantial revenue is being earned by them from Purchase Tax and it was, therefore, felt that in case Purchase Tax has to be subsumed then adequate and continuing compensation has to be provided to such States. This issue is being discussed in consultation with the Government of India.

GST 3

 

Would you like to add more information about loss of revenue to states when purchase tax is subsumed with Goods and service tax?  Share your thoughts about Goods and service tax and Purchase Tax.

 

Comment below your views about loss of revenue for States in case of Purchase Tax has to be subsumed with Goods and Service Tax.

 

 

 

Click here to know GST rate on Goods and Services

 

GST Exemption list of goods and services

 

Find HSN number or Service tariff code for GST

 

GST registration guidelines

 

Indian GST Laws

 

How to export your goods?


Related posts about Export Import Free Online Training 
Bank Pre shipment Finance to exporters

What is crystallization of export bills? How does delinking of export bills work?
Types of Insurance Documents
Is Airway bill a documents of title?
Is Customs House Agents (CHA ) required to be appointed mandatory?
How many types of shipping bills in export
How to add Line number in Import General Manifest in Custom in India
How to amend AWB number in Import General Manifest (IGM)
JPDEPC,Jute Products Development and Export Promotion Council
Tea Board
SRTEPC,Synthetic and Rayon Textiles Export Promotion Council
SQEPC,Sports Goods Export Promotion Council
MEIS scheme for Indian Exporters
Mode of payments in international trade
How to export your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
12 Major risks and solutions in Imports and Exports
Disadvantages of Letter of credit (LC) for Exporter
Foreign Trade Agreements of India
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How does CFR term of delivery work in Export Import business
How does comprehensive policy of ECGC work for exporters?



 

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

 

TYPES OF MARINE INSURANCE POLICIES

 

Unclean Bill of Lading/Claused bill of lading/foul bill of lading/Dirty Bill of Lading

 

USDA hold by US customs for import cargo

 

Vessel sailing in export business

 

How to amend measurements in IGM (Import General Manifest) in India

 

How to amend number of packages in Import General Manifest (IGM)

 

We have IEC, can we export from all ports?

 

What are the legal documents in exports

 

What does ECGC do on default of payment of any overseas buyer?

 

What happens if Date difference in HBL & MBL

 

Transferability of Bill of Lading

 

Transhipment - A redefinition

 

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

 

Triangular export

 

Triangular shipment

 

Types of Insurance Documents.

 

What happens if overseas buyer not paid export bills discounted.

 

What happens if proper tracking of goods not effected in export import business?

 

What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?

 

What happens, if Bank not received money from buyer after discounting of export bills?

 

Transferability of Bill of Lading

 

Transhipment - A redefinition

 

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

 

Triangular export

 

Triangular shipment

 

Types of Insurance Documents.

 

How to make DA mode of payment safe

 

How to make delay in delivery of Shipment?

 

How to minimize import cargo clearance time? An open logic proposal to WTO

 

What happens, if cargo not cleared by importer

 

What happens, if HAWB number marks wrongly


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers