With the passage of the 101st amendment to the Constitution of India on 10th September 2016, the current indirect taxes levied by state and centre are set to be replaced with GST.
This can be said to be the biggest tax reform since independence of India and a boon to the economy. It will eliminate the deficiencies of the current tax structure and provide a single tax on supply of all goods and services.
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Inclusive of all taxes, courier expenses and Government fees Law is in draft mode For those already registered under current tax regimes Combination of both governments Rates are in draft mode.
SERVICE TAX REGISTRATION
Inclusive of all taxes, courier expenses and Government fees Applicable if providing any taxable service Mandatory for taxable service above Rs 9 lacs Central Government Tax Chargeable at 15%
All India one rate including taxes, courier charges and Government fees Applicable if trading any taxable goods Depends under the different state VAT laws State Government Tax Rate dependent on commodity and State