No Excise Duty on goods other than Petroleum & Tobacco Goods: notifies Central Government [Read Notification]

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Following the President’s nod to GST (Constitutional Amendment) Bill, 2016, the Government is taking all the possible efforts to meet the deadline of 1st April 2017 to implement the Goods and Services Tax Act.

The Central Government, vide its recent notification dated 16.09.2016, declared that no excise duty shall be levied on goods other than petroleum and tobacco products from 16th September 2016. This is with an aim to give effect to all the sections of the GST(Constitutional Amendment) Act, 2016. The recent step has been appreciated by the entire nation since it is a welcome step aiming to roll out the GST.

However, the notification is silent about the Service Tax. The Finance Act, 1994, which is yet to be repealed by the Government, will be continued to be in force.

Read the full text of the notification below.

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