Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 20-4-2017 – The provisions of service tax provide a uniform rate of tax to be levied from the service recipients except in cases of abatement. The provisions of excise law and VAT provide for various rate of tax according to the classification made by the respective Government. Four tier structure The GST Council recommended a four tier GST rate structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. Under CGST Act Section 9 of the CGST Act, 2017 provides that there shall be levied a tax called the central goods and services tax on all intra-State supplies of goods or services or both, on the value determined under Section 15 and at such rates not exceeding 20% as may be notified by the Government on the recommendations of the Council. This will not be applicable on the supply of alcoholic liquor for human consump
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) of the Act provides that every electronic commerce operator not being an agent, shall collect an amount calculated at such not exceeding 1%, as may be notified by the Government on the recommendations of the Council, of the net value of taxable supplies made through it by other suppliers where the condition with respect to such supplies is to be collected by the operator. TDS Section 51(1) of the Act provides that the Government may mandate a department or establishment of the Central Government or State Government or a local authority or Governmental agencies or such persons or category of persons as may be notified by the Government on the recommendations of the council to deduct tax @ 1% from the payment made or credited to the supplier of taxable goods or services or both, where the total value of such supply under a contract, exceeds ₹ 2,50,000/-. Under IGST Act Section 5(1) provides that there shall be levied a tax called the integrated goods and services tax on all inter
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r UTGST Act Section 7(1) of the Union Territory Goods and Services Tax Act, 2017 provides that there shall be levied a tax called the Union territory tax on all intra-State supplies of goods or services or both, except on supply of alcoholic liquor for human consumption, on the value and at such rates, not exceeding 20% as may be notified by the Central Government on the recommendations of the Council. Composition Cess Section 8(2) of the Goods and Services Tax (Compensation to States) Act, 2017 provides that the cess shall be levied on such supplies of goods and services as are specified in the Schedule. The following is the maximum rate at which GST compensation Cess may be collected- Pan Masala – 150% ad valorem; Tobacco and manufactured tobacco substitutes including tobacco products – ₹ 4175/- per 1000 sticks or 295% ad valorem or a combination thereof, but not exceeding ₹ 4175/- per 1000 sticks plus 295% ad valorem; Coal briquettes, ovoids, and similar solid fuels manu
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