GST Articles

Basics of GST

CA Gagandeep Singh Kochar 12 September 2015 at 11:25

What is GST"Goods and Services Tax" would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments.GST is a tax that we need to

No Special Session on GST as the Parliament prorogue Monsoon Session

Bimal Jain 11 September 2015 at 12:01

Dear Professional Colleagues,No Special Session on GST as the Parliament prorogue Monsoon SessionThe Cabinet has decided not to call for a Special Session to pass the much-hyped and much-delayed Constitution (122ndAmendment) Bill, 2014 on Goods and S

Taxes to be subsumed in GST

CA Chitresh Gupta 06 September 2015 at 19:20

GST is commonly described as indirect, comprehensive, broad based consumption Tax. The Dual GST which would be implemented in India will subsume many consumption taxes. The objective is to remove the multiplicity of tax levies thereby reducing the co

Impact under GST on Job work transactions

Ashish Chaudhary 06 September 2015 at 19:16

Goods and Service Tax (GST) upcoming in India is likely to result in widening the tax base substantially by covering large number of potential taxpayers who are hitherto not covered in th

Government pushing GST to meet April, 2016 deadline

Bimal Jain 03 September 2015 at 10:22

Dear Professional Colleagues,Government pushing GST to meet April, 2016 deadlineEven though Parliament�s Monsoon Session could not turn into success, the Indian Government did not step-back and has been significantly working towards the success

GST Transitional Challenges: Ongoing service contracts

Ashish Chaudhary 01 September 2015 at 10:33

India is on behest of implementing Goods and Service Tax (GST) which is said to be biggest tax reform since Independence. One impor

GST legislations draft to be finalised by Sept 15' 2015

Anandaday Misshra, Advocate 27 August 2015 at 10:32

GST LegislationThe Revenue secretary, Mr Das has clarified that three draft legislations are being prepared by different committees comprisingi) senior officers of the CBEC,ii) department of revenue and finance as well asiii) taxation department offi

GST Bill - Perfect or imperfect?

Harsh Gadodia 20 August 2015 at 10:21

Lots of talks going on GST implementation by 1st April,2016 as promised by our Hon'ble Finance minister Shri Arun Jaitley. With the hope of passage of GST b

GST- Transitional Issues in Credits

Madhukar N Hiregange 13 August 2015 at 12:59

GST - Transition challenge on Credit, Carry forward and Claim through declaration CA Madhukar N Hiregange IntroductionTax credit in any value added taxation is the second most important aspect after the levy as it goes to reduce the basic cost. It

GST and its salient features

CA Sayam Rastogi 10 August 2015 at 10:40

GST will be levied on buyers of goods and services, or where the service is consumed. This means big consumer states such as Uttar Pradesh, West Bengal and Kerala will get a high share of the taxes.The following are the salient features of the propos