It may take time for GST law to get settled. As it is new reform there could be hurdles in implementing GST effectively.
Tax will be levied when supply of Goods and/or services. Time of supply of goods and/or services is more important under GST.
You all must have heard so many information on the Goods and Services Tax. Some are saying GST will take away the �cascading impact� of taxes and some are saying GST is �one nation, one rate�.
This article highlights various open issues which need to be addressed timely by government so that there is smooth transition to Goods and Service Tax (GST)
This article, looks at the collateral the roll out of GST will entail.
Procedural Aspects of Registration under Goods and Services Tax as per Draft GST law along with the provisions of Business process on regustration
Place of Supp;ly necessary to apply relevant destination State SGST & to find out whether liable under rverse charge & whther provded outside India or an exp
Job work on payment of GST and without is possible.
Input tax credit covers inputs, capital goods and input services. The restrictions in CG credit may need to be agitated.
Looking at the speed with which the work is being done, GST is going to be a reality very soon.
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