New proposed GST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2010
if the rate of GST on goods and Service be fixed at 20% and 16%, then please clarify , what would be the rate of service tax for an assessee who need not to pay sales tax, either CST or LST-----regards
CMA. Sanjib Das
CMA. Sanjib Das
28 July 2010
Dear Friend the proposed rate is in lieu of Central & State level existing indirect taxes. The Central portion being 8% & State portion another 8%. Ofcourse as of now the States are not ready for that.
The tax would be a unified GST & There won't be any separate Service tax
The tax would be a unified GST & There won't be any separate Service tax
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