Search Results for: Tobacco other than smoking
comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. multi-staged as it is, the gst is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other
than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes. goods and services are divided into five different tax slabs for collection of tax - %, %, %, % and %. however, petroleum products , alcoholic drinks , and electricity...
https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)