Which of the existing taxes are going to be subsumed or “not subsumed” under GST? (Post-2)

Which of the existing taxes are going to be subsumed or “not subsumed” under GST?

Taxes which will be subsumed:

The GST would replace the following taxes:

(i) taxes currently levied and collected by the Centre:

a. Central Excise duty

b. Duties of Excise (Medicinal and Toilet Preparations)

c. Additional Duties of Excise (Goods of Special Importance)

d. Additional Duties of Excise (Textiles and Textile Products)

e. Additional Duties of Customs (commonly known as CVD or Countervailing Duty)

f. Special Additional Duty of Customs (SAD)

g. Service Tax

h. Central Surcharges and Cesses so far as they relate to supply of goods and services

(ii) State taxes that would be subsumed under the GST are:

a. State VAT

b. Central Sales Tax

c. Luxury Tax

d. Entry Tax and Octroi (all forms)

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

f. Taxes on advertisements

g. Purchase Tax

h. Taxes on lotteries, betting and gambling

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

Taxes which will not be subsumed:

a.      Basic Custom Duty (BED)

b.      Exports Duty

c.      Stamp Duty

d.      Electricity Duty

e.      Property Tax

f.      Toll Tax

g.      Road and Passengers Tax

Also following commodities will be kept outside the purview of GST initially:

Alcohol for human consumption, Petroleum Products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel & Electricity.