GST Articles

A spotlight on return filing under GST regime

Posted by Anushri Gupta 18 January 2016 5582 Views

DGGST and not DGST!!Yes, the Government has renamed Directorate General of Service Tax (DGST) as Directorate General of Goods and Service Tax (DGGST) w.e.f. 01.08.2015�.GST is making headlines, Draf

Decoding GST (Part 2) - Step towards GST

Posted by samarth jain 13 January 2016 7060 Views

The current article would be focusing on the historical background of Goods and Services Tax and how it has evolved over the period in India.In almost all the budget speeches since the year 2006-07, there has been a reference to the implementation of

An overview of GST

Posted by Yash Nagarkoti 07 January 2016 51211 Views

IntroductionWinston Churchill has rightly said, �To improve is to change, to be perfect is to change often�Change is inevitable and is very important because change leads to development and development leads to success. As far as changes

How to set off input tax credit under GST?

Posted by CA Neha Gupta 05 January 2016 21994 Views

Who will be entitled to set off Input Tax credit? Will any set off be allowed for credit on Input tax against Output Tax under upcoming GST? What will be the manner of utilisation of unadjusted input tax

GST- Proposed Input tax credit methodology

Posted by CMA Ramesh Krishnan 31 December 2015 22059 Views

GST- Proposed Input tax credit methodology Goods & Service tax (GST), the mile stone tax reform since independence of India is on its way to implementation journey and proposed GST bill is under discussion everywhere. This is very crucial stage t

GST- A Revolution in Indirect Tax Law

Posted by CA Rohit kapoor 28 December 2015 14412 Views

Good and Services Tax is the most logical steps towards thecomprehensive indirect tax reform in India since independence. Goods andServices Tax is to be implemented shortly by the Government of India.GST is leviable on every transaction involving sup

GST Returns: Whether a Compliance Nightmare?

Posted by Madhukar N Hiregange 24 December 2015 20979 Views

By CA Madhukar N Hiregange & Adv. K.S.Naveen KumarIntroduction:A return is a mirror reflection of the state of financial affairs of an assessee for a specified period. It serves as an important link between the taxpayer and tax administration in

GST Payment - Online or Manual?

Posted by CA Raman Singla 21 December 2015 22922 Views

One more Report of Joint Committee dated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment.It is said that more the system and procedures are made electronic more is the efficiency of tax administration and gr

Registration under GST? An overview

Posted by CA Prakhar Jain 14 December 2015 23540 Views

The platform seems to be all set for the launch of the most awaited tax reform in India. It is a unanimous opinion that if the Goods and Service Tax law is implemented, it would directly benefit the economy to a large extent. The Modi government too

31 points you must know on Model GST Act, 2016

Posted by CA Ankit Gulgulia (Jain) 11 December 2015 21394 Views

“Adding to the overall flutter and chaos over the fate of the GST Bill, the government on Thursday selectively leaked out its 'Model Draft of Central/State Goods and Services Tax Act, 2016'.” – Firstpost.comThe Model GST Act