n this article, author has tried to articulate the basic concepts of Input Tax credit.
The following discussion focuses on Place of supply of Goods aspect.
Understanding of scope of supply in comparison with current IDT law
Input Tax Credit is the backbone of this whole GST mechanism.
Introduction of new indirect tax structure in form of GST looks more certain from 1st July 2017
GST is going to be a reality soon and it is going to impact almost each and every person who is in business.
Here are some fascinating facts that you need to know about the GST.
India is rapidly moving towards its biggest Indirect Tax reform, the implementation of Goods & Services Tax (GST). In current economic environment, there is
Brief comparison on levy aspects under GST
Levy of, and Exemption from, GSTThere shall be levied a tax called the Central/State Goods and Services Tax (CGST/SGST) on all intra-State supplies of goods and...
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