GST Articles

GST- Proposed Input tax credit methodology

Posted by CMA Ramesh Krishnan 31 December 2015 22068 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 14415 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 20983 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 22925 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 23542 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

Place of supply of services under GST regime

Posted by Jatin Grover 10 December 2015 10281 Views

In the present scenario service tax is levied on service which is governed by Chapter V of Finance Act, 1994. It states that Service tax is consumption based tax and for the purpose of determining the place where service has been consumed Place of Pr

How Indian Model of GST would be a Destination Based Taxation

Posted by ARPIT HALDIA 09 December 2015 11296 Views

Understanding Goods and Service Tax # 2:Concept of Origin and Destination Based Taxation and how Indian Model of GST would be a Destination Based Taxation By CA Dr Arpit HaldiaThe fact that GST is destination based taxation is widely acknowl

GST Draft Law - 10 things you must know

Posted by Pritam Mahure 08 December 2015 42272 Views

Yesterday,few of the private tax webportals published the copy of the draft GST law. Though the authenticity of the same is yet to be vetted by the Government officials, meanwhile,in the following paras the author has tried to decipher the proposed G

GST: Boon or bane to Indian economy

Posted by Raghu veer teja 07 December 2015 56601 Views

The Goods and Services Tax (GST) is the most-talked about upcoming comprehensive indirect tax in our country subsuming the major indirect taxes like Customs duty, Excise duty, Service ta