In a hurry to give effect to the Constitutional amendments w.r.t. GST, the Government seems to have suspended the central excise levy.
One India, One Tax - GST
Numerous issues pertaining to job work provisions contained under GST Model law
Has the Central Govt. Lost its power to levy Excise, Service Tax & CST from 16th September 2016 due the Notification No. SO2986(E), dated 16 September 2016
This article is solely based on the draft GST law.
We could only hope that a qualitative GST law is introduced considering the purpose of introduction of GST rather than being time bound and introduce GST in hurry.
CHAPTER 1 : PRELIMINARYSection-1 Short Title, extent and commencementSection-2 DefinitionsSection-3 Meaning and Scope of SupplyCHAPTER 2 : ADMINISTRATIONSection...
Arjuna (Fictional Character): Krishna, we celebrate Ganpati festival with full of joy, enthusiasm. President of India as well as state government of many states...
GST is the tax that amalgamates various Central and state taxes into one which aims to build a common market in India & also avoids paying tax in multiple stages.
Government notifies September 12, 2016 as the appointed date for GST Council Provisions
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English