GST Articles

GST and its impact on rollout

CA Neha Gupta 16 October 2015 at 11:07

TWhat is GST? GST refers to "Goods and Services Tax". It is an indirect tax which is levied on manufacture, sale & consumption of Goods & Services. All the indirect taxes which are levied at the nationa

Battle on GST: States vs. Centre

Pradeep Jain 10 October 2015 at 10:41

INTRODUCTION:-Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Cen

Indian GST from 2016! Is it all set?

Rakesh Garg 25 September 2015 at 10:57

INDIAN GST FROM 2016! IS IT ALL SET...by Rakesh Garg, FCA (Author & Consultant)The Monsoon Session 2015 of the Parliament is over; the Central Government has not yet given up its efforts, and hope is given to the industry that GST could still be

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