GST Articles

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

Input Tax Credit and Inter GST Credit

CA MOHIT SINGHAL 10 August 2015 at 10:39

Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer isentitled to claim a credit. The input tax credit has to be claimed by a dealer against tax invoicewhich can be adjusted

FM senses delay in implementation of GST by 1st April 2016

Anandaday Misshra, Advocate 06 August 2015 at 15:46

Looking to the ongoing protests and non co-operation movements in the Parliament , the Implementation of Goods & Service Tax (GST) regime in India from 1st April 2016 is in doldrums.Since the factum is that once the GST Bill is passed from Rajya

Goods & ST (GST), Concept & Impact

samarth jain 03 August 2015 at 10:36

INTRODUCTIONGST is the biggest reform proposed in the Tax Regime of our country after Independence. It is something that each of us must understand as it is going to affect our lives in a very significant manner.PRESENT INDIRECT TAX STRUCTUREFirst we

What is GST?

Anandaday Misshra, Advocate 03 August 2015 at 10:36

What is Goods & Service Tax � As Per Supreme Court of CanadaWhat is GST?The Supreme Court of Canada in a case of Reference re Goods and Services Tax had explained as to what is Goods & Service Tax .The important excerpts are reproduced

GST: Hyped are the merits, hidden are the threats

Pradeep Jain 01 August 2015 at 15:48

Introduction:-The Goods and Services Tax (GST) is the most awaited reformation in the indirect tax structure of India which is planned to be implemented w.e.f. April 1, 2016. It has been the most happening topic in the parliament since December 19, 2

Indian model of GST

CA MOHIT SINGHAL 31 July 2015 at 10:48

Generally, GST consist three prime models:-1. Central GST-(CGST)2. States GST-(SGST)3. Dual GST� Non concurrent dual GST� Concurrent dual GSTCGST: - Under this option, the two levels of government would combine their levies in the form of a