CA Intermediate · Taxation · GST in India - An Introduction
Which of the following taxes was NOT subsumed into GST when it was introduced in India from 1 July 2017?
Basic customs duty on imports was not subsumed into GST. It continues to be levied separately, and IGST is charged on imports in addition. Central excise, service tax and State entertainment tax, other than that levied by local bodies, were merged into GST.
- ACentral Excise duty on manufactured goods
- BEntertainment tax levied by States (other than that levied by local bodies)
- CBasic customs duty on importsCorrect
- DService tax levied by the Centre
Explanation
Central excise, service tax and State entertainment tax (other than that levied by local bodies) were subsumed into GST. Basic customs duty on imports continues to be levied separately, while IGST is charged additionally on imports.
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