taxes replaced by gst
The GST would apply to all goods other than alcoholic liquor for human consumption and five petroleum products, viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel. It would apply to all services barring a few to be specified. The GST would replace the following taxes currently levied and collected by the Centre:
The GST will replace the following taxes
Central Level Taxes:
- Central Excise Duty
- Medicinal Excise Duty
- Service Tax
- SAD (Special Additional Duty)
- CVD (Countervailing Duty)
- Cesses
- Surcharges
- Additional duties of excise
State Level Taxes:
- State Vat/ Sales Tax
- Central Sales Tax
- Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
- Purchase Tax
- Luxury tax
- Taxes on Lottery, betting and Gambling
- Entry Tax/Octroi/LBT
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