Sector wise impact of Goods and Service Tax
A blog to help the common man to under the impact of Goods and Service Tax or GST on India.Goods and Service Tax will impact on almost all sectors of Indian Economy ranging from defense to education.Goods and Service Tax or GST will influence the Stock Market by striking at the basic conditions. This blog is the place where you can learn about the Goods and Service Tax or GST and also contribute in open forum, download free utilities and get expert opinion.
Tuesday 23 August 2016
Professional Tax is out of the ambit of GST
There is a cloud of confusion on the fact that whether professional tax will be covered under the Goods and Service Tax or GST. But amidst this confusion people are forgetting about Article 276 of the constitution of India. Article 276 of The Constitution of India states "there shall be levied and collected a tax on profession, trades, callings and employments in accordance with the provisions of this Act. Every person engaged in any profession, trade, calling or employment and falling under one or the other of the classes mentioned in the second column of the Schedule shall be liable to pay to the State Government tax at the rate mentioned against the class of such persons in the third column of the said Schedule. Provided that entry 23 in the Schedule shall apply only to such classes of persons as may be specified by the State Government by notification from time to time.” Using this Article the states levy professional tax.
In Goods and Service Tax, the amendment has been made by inserting an Article 246A. Article 276 has been kept intact. Thus there will be no changes in the standing and applicability of professional tax.
Get Artitax-West Bengal Professional Tax Mobile App and be free from headache of counting tax and filing return https://play.google.com/store/apps/details?id=appinventor.ai_kapoor_Chiku.Artitaxgooglke
In Goods and Service Tax, the amendment has been made by inserting an Article 246A. Article 276 has been kept intact. Thus there will be no changes in the standing and applicability of professional tax.
Get Artitax-West Bengal Professional Tax Mobile App and be free from headache of counting tax and filing return https://play.google.com/store/apps/details?id=appinventor.ai_kapoor_Chiku.Artitaxgooglke
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