On Wednesday 3rd August 2016, the RajyaSabha set the stage for the rollout of a uniform Goods and Service Tax with The Constitution (122nd Amendment) Bill.Pursuant of the journey of long awaited tax reforms, the ratification of Constitutional Amendme
Collecting taxes before they are due is unfair to tax payers- practice continued under GST
Chanakya in his arthashastra said- do not pluck the fruits before they are ripe. Revenue dept- has been doing this for some time
GST Law needs to be simple and not restrictive. Tax to be collected like bee collecting honey.
Understanding the meaning of supply is important to be able to appreciate the GST Law as all supplies are taxable.
Provisions, rules & Schedules of Model GST law (190 pages) is summarised.
IntroductionGST Constitution Amendment Bill was presented in the parliament for the purpose of introducing Goods and Service Tax. Currently GST is the hot topic in India. Bill contains the provisions that will be applicable under Goods and Service
GST - An Introduction: The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 seeks to amend the Constitution of India to facilitate the introduc...
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