Goods and Services Tax – GST – Dated:- 7-6-2017 – The Central Government in the last three General Budgets viz 2015-16, 2016-17 and 2017-18 has gradually abolished various cesses on goods and services in order to prepare the ground for smooth roll- out of Goods and Service Tax (GST) from 1st July, 2017. The Central Government has taken this step in stages by abolishing various cesses so that it is easier to fit in various goods and services in different tax slabs for GST. The Central Government in its General Budget 2015-16 had abolished Education Cess, including Secondary and Higher Education Cess on taxable services, and exempted Education Cess on excisable goods as well as Secondary and Higher Education Cess on excisable goods. In its G
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Regulation) Act 1951 – Cess on Automobile iii) The Tea Act 1953 – Cess on Tea iv) The Coal Mines (Conservation and Development) Act, 1974 – Cess on Coal v) The Beedi Workers Welfare Cess Act 1971 – Cess on Beedis vi) The Water (Prevention and Control of Pollution) Cess Act 1977 – Cess levied on Water consumed by certain industries and by local authorities. vii) The Sugar Cess Act 1982, the Sugar Development Fund Act 1982 – Cess on Sugar viii) The Jute Manufacturers Cess Act 1983 – Cess on Jute Goods manufactured or produced or in part of Jute. ix) The Finance (2) Act 2004 – Education Cess on Excisable Goods x) The Finance Act, 2007 – Secondary and Higher Education Cess on Excisable Goods xi) The Finance Act 2010 – Clean Energy Cess xii) The
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