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This webinar will teach you the tools necessary to review and deal with any potential surcharging situations.

The Union Cabinet today approved amendments in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST.

The Goods and Service Tax (GST) is a single consolidated indirect tax which is all set to be launched on July 1, 2017 to remove tax barriers between states and create a single market. It has been finalized and introduced by GST council headed by Arun Jaitley who is the finance minister of India. It will work as a single tax and absorb all other indirect taxes including central excise duty, services tax, additional customs duty, surcharges, state-level value added tax (VAT). It is going to be imposed on all transactions happen during the entire manufacturing chain such as sale, transfer, purchase, barter, lease, or import of goods and/or services.

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