GST roll out may shift from July 1st to Oct 1st
All About Composition (Lumpsum) Scheme under GST
The Goods and Services Tax (GST) regime came a step closer to meet its 1st July target of rollout, on 29th March 2017 with the Lok Sabha approving four supplementary legislations.
This article is based on the GST Bill 2017 which was released in public domain in last week of March 2017.
ST implementation is a huge transformation and will definitely take time span on 1 to 2 years before being stabilized.
If these procedures are properly followed, Input tax credit can be availed seamlessly leading to smooth flow of credit in the tax system.
GST is in the offing and there is a lot of doubt about it in the market as well as in mind of public. Industry preparedness is waiting for definite law.
GST is in the offing and there is a lot of doubt about it in the market as well as in mind of public. Industry preparedness is waiting for definite law.
LETTER OF UNDERTAKING UNDER GST
This article series is the first of many parts based on the GST Bill 2017.
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