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Nov 24, 2014
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GST may subsume all entry taxes
In a move that is likely to draw opposition from some states, the Centre is going to propose subsuming in the proposed goods & services tax (GST) all types of entry tax, including the one for local bodies, when it tables the Constitution Amendment Bill in Parliament. The Bill also seeks to subsume petroleum products in GST but keep alcohol out of it.
The Constitution Amendment Bill tabled in the 15th Lok Sabha by the United Progressive Alliance government had proposed to subsume in GST only the general entry tax - those on import of goods in a state - while keeping entry tax in lieu of octroi (Etiloo, levied by municipal bodies on goods entering a local area) outside its purview.
Source -
http://www.business-standard.com
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