Category: GST

The Good and Services tax is the biggest indirect tax reform since 1947 and it has potential to lead the economic integration of India. This Monsoon session of Parliament might succeed in passing the GST Bill. If the GST Bill… Read more

Everyone is awaiting what would be outcome of Constitutional Amendment Bill in the impending monsoon session. But the government seems to be very keen to introduce the GST from next financial year. After issuing Joint Committee Reports on registration, refund,… Read more

With NDA government releasing the Model GST Law on 14/06/2016 the government had signaled that 01.04.2017 could be the appointed day for enactment of GST. In this regards it becomes important to understand the Transition provisions under the Law; As… Read more

Applicability of Provisions of GST to Casual Taxpayer and Non-Resident taxpayers as per Draft Law There are some taxpayers who occasionally undertake transactions involving the supply of goods and/or services in the normal course of their business as a principal,… Read more

As per the Draft GST model law and the process documents issued by the Department of revenue. There is a reference of three ledgers that are electronic cash ledger, electronic credit ledger and tax liability ledger. These 3 ledgers will… Read more

We all are sure that the government would not take long to implement GST .Here are few things that you need to understand about proposed model of GST. India intends to adopt a dual GST which will be imposed concurrently… Read more