name the two center taxes that have merged into GST
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Explanation:
Special Additional Duty of Customs: – it is payable 4% on good imported and this is in instead of VAT/ Sales Tax. Central Surcharges and Cess: – Surcharge is a charge on tax and as a name suggest, it is an additional charge and it is basically on personal income tax (on high income slabs) and on corporate income tax.
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Explanation:
Special Additional Duty of Customs: – it is payable 4% on good imported and this is in instead of VAT/ Sales Tax. Central Surcharges and Cess: – Surcharge is a charge on tax and as a name suggest, it is an additional charge and it is basically on personal income tax (on high income slabs) and on corporate income tax.
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