The GST Model proposed in the First Discussion Paper produced by the Empowered committee of state finance ministers on Nov 10, 2009, will be dual in nature. It will consist of two components: CGST (Central GST) and SGST (State GST) simultaneously lev
GST is a destination based consumption tax. Consumption taxes are regressive in nature. It increases the gap between the rich and the poor.
The comments of the Department of Revenue (DOR) on the First Discussion Paper on GST reflect the inclination of Centre on different contradicting issues related to Goods and Services Tax (GST).
This comparison is based on the recommendations of the First Discussion Paper produced by the Empowered committee of states finance ministers
GST MAY MISS APRIL 2012 TARGET TO BE IMPLEMENTED AS STATES OPPOSE DRAFT LEGISLATORY The introduction of
The introduction of GST through the comman goods and service tax or GST from the next financial year appears uncertain with fresh opposition pouring in from BJP ruled states who claims that it would reduce their status of that of municipalities and
GST is a consumption based levy. Destination principle would be applicable in normal course. In an ideal GST, all the credit of taxes paid on purchase of inputs, input services and capital goods are seamlessly allowed for set-off against the tax p
SALIENT FEATURES OF GST CA Madhukar N. Hiregange GST is a consumption based levy. Destination principle would be applicable in normal course. In an ideal GST, all the credit of taxes paid on purchase of inputs, input services and capital goods are
When nothing is going right in the successful implementation of Goods and Services Tax (GST), suddenly a momentum changes in favour of those who are favouring the rolling out of the GST. The finance ministry is planning to table a Constitutional A
Changes proposed for introducing Goods and Service Tax (GST) Prepared By: CA Pradeep Jain And Sukhvinder Kaur, LLB[FYIC] The introduction of Goods and Service Tax (GST) at both Central as well as State level is the dream of the Government de
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