The Indian tax laws have evolved over period of time to become complicated due to the existence of the parallel economy, complicated laws, high rate of multiple taxation, large scale corruption in the State VAT administration and to a lesser extent i
Free and full credit of tax paid at earlier point is the key to success of GST. Maybe not to be?
The big eat the small. Under GST the death kneel for small businesses in the form of Composition scheme and elaborate return requirement if not in.
Under model GST law, tax is levied on the supply of goods and/or services. Tax, namely CGST/SGST is payable at the time of supply of goods and/or services.
The GST article series was started with the basic concepts, now on definition. Next would be the transitional provi
GST Council is meeting from 17th - 19th October 2016 to finalise GST rate slabs, Cess & concessions alongwith compensation to various states
GST Council mulls four rate slabs and 14% revenue growth assumed for States
The GST article series was started with the basic concepts, now on definition. Next would be the transitional provisions (specified and left out) and ending up ...
The net cost of GST is after set off aginst credit- therefore important.
Union Government has finally unveiled the Model Goods and Service Tax Law (MGL) for comments from Public and interested parties on 14th of June, 2016.
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