GST Articles

An overview of GST

Yash Nagarkoti 07 January 2016 at 10:33

IntroductionWinston Churchill has rightly said, �To improve is to change, to be perfect is to change often�Change is inevitable and is very important because change leads to development and development leads to success. As far as changes

How to set off input tax credit under GST?

CA Neha Gupta 05 January 2016 at 10:25

Who will be entitled to set off Input Tax credit? Will any set off be allowed for credit on Input tax against Output Tax under upcoming GST? What will be the manner of utilisation of unadjusted input tax

GST- Proposed Input tax credit methodology

CMA Ramesh Krishnan 31 December 2015 at 10:22

GST- Proposed Input tax credit methodology Goods & Service tax (GST), the mile stone tax reform since independence of India is on its way to implementation journey and proposed GST bill is under discussion everywhere. This is very crucial stage t

GST- A Revolution in Indirect Tax Law

CA Rohit kapoor 28 December 2015 at 16:14

Good and Services Tax is the most logical steps towards thecomprehensive indirect tax reform in India since independence. Goods andServices Tax is to be implemented shortly by the Government of India.GST is leviable on every transaction involving sup

GST- Return

CA Raman Singla 24 December 2015 at 18:27

A return is a statement of specified particulars relating to business activity undertaken by the taxable person during a prescribed period. A taxable person has a legal obligation: To declare his tax

GST Returns: Whether a Compliance Nightmare?

Madhukar N Hiregange 24 December 2015 at 11:07

By CA Madhukar N Hiregange & Adv. K.S.Naveen KumarIntroduction:A return is a mirror reflection of the state of financial affairs of an assessee for a specified period. It serves as an important link between the taxpayer and tax administration in

GST Payment - Online or Manual?

CA Raman Singla 21 December 2015 at 16:33

One more Report of Joint Committee dated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment.It is said that more the system and procedures are made electronic more is the efficiency of tax administration and gr

Registration under GST? An overview

CA Prakhar Jain 14 December 2015 at 10:40

The platform seems to be all set for the launch of the most awaited tax reform in India. It is a unanimous opinion that if the Goods and Service Tax law is implemented, it would directly benefit the economy to a large extent. The Modi government too

31 points you must know on Model GST Act, 2016

CA Ankit Gulgulia (Jain) 11 December 2015 at 10:53

“Adding to the overall flutter and chaos over the fate of the GST Bill, the government on Thursday selectively leaked out its 'Model Draft of Central/State Goods and Services Tax Act, 2016'.” – Firstpost.comThe Model GST Act

Place of supply of services under GST regime

Jatin Grover 10 December 2015 at 10:24

In the present scenario service tax is levied on service which is governed by Chapter V of Finance Act, 1994. It states that Service tax is consumption based tax and for the purpose of determining the place where service has been consumed Place of Pr