Details of Direct Tax / Indirect Tax

Customer will pay the tax to the business man > Business man will collect and pay to the Govt. > Govt. will get Tax from businessman it is an income of Govt.

We have So many  taxes  under  Direct and  Indirect Taxes. As pes the  constitution of India , Direct

Tax  i .e . Income Tax is governed  by  Central  Government. Indirect Taxes are administered by  the

Central Government and State Governments.

Taxes  subsumed  into GST

The Various Central , State and  Local  levies were subsumed under GST. These include

a) Central Excise duty

b) Duties of Excise (Medicinal and Toilet  Preparations)

C) Additional Duties of  Excise (Textiles and Textile Products)

d) Additional Duties of  Excise (Goods of Special Importance)

e) Additional Duties of Cutoms (commonly known as CVD)

f) Special Additional Duty of Customs(SAD)

g) Service Tax

h) Central Surcharges and Cesses related to supply of goods and services.

i)State VAT

j) Central Sales Tax

K) Luxury Tax,

l) Entry Tax (all forms)

m) Entertainment and Amusement Tax(except when levied by the local bodies)

n) Taxes on advertisements

o) Purchase Tax

P) Taxes on lotteries , betting and gambling

q) State Surcharges and Cesses so far as they relate to supply of goods and services.

Taxes not subsumed into GST

These taxes are not subsumed into GST and leviable on variour goods and services.

a) Custom Duty

b) Stamp Duty

c) vehicle Tax / Road Tax

d)  Excise on Liquor

e) Tax on Sale and Consumption of Electricity

f) Entry Taxes and Toll

g) Entertainment Tax(Levied by Local Bodies)

h) Excise Duty on Petrol & Diesel.

i) VAT on Petrol & Diesel.