State check posts will go under GST; excise point may stay – Goods and Services Tax – GST – Dated:- 5-5-2017 – New Delhi, May 5 (PTI) State level check posts which collect taxes on movement of goods will not be required under the GST regime that will take effect from July 1, although excise collection points may remain as they relate to taxation on alcohol, Revenue Secretary Hasmukh Adhia said today. The rates will be common under the Goods and Services Tax and for the movement of goods in or outside a state, there is no need to check whether goods have moved physically out of the state or not, he said. So, as far as taxation is concerned, the check posts will go. There are couple of other check posts like the state excise check posts. Sta
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the input tax credit that is given on petrol and diesel, the rate will be different, he said. What that rate will be, I cannot say, but it will be different for transportation sector, he added. The next meeting of the GST Council is scheduled for May 18-19. In this round of the meeting to be headed by Finance Minister Arun Jaitley, the Council is scheduled to finalise the rates of different commodities and services. It is also expected to approve rates of remaining items. The Council has already approved half of the rules that are required for rolling out of GST from the scheduled date. Rules on registration of entities under GST, filing of returns, payment of tax and refund, invoicing and debit and credit notes have already been amended b
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