By CA Pritam MahureThe 122nd Constitutional Amendment Bill (hereafter referred as CAB) was introduced in Parliament on 19th Dec,2014. In the past, to amend the Constitution, 115th CAB was introduced by the UPA Government in March 2011. However, this
Goods & Service Tax (GST) is a regime of Uniform Tax. A regime in which multiple indirect taxes will be the talk of past and indirect taxes will be subsumed in GST. A. Taxes to be Subsumed in GST The following taxes will be subsumed under GST :
GST is a consumption based levy. Destination principle would be applicable in normal course of business to business [B2B] other than for few services and business to consumer.[ B2C] GST is proposed to be in place by April 2016- maybe a bit optimitsti
The GST Constitution Amendment Bill, (No. 192 of 2014) Facilitating GST Law (An Analysis) One of the major Indirect tax reforms that the country is now on road to witness is the incarnation of a single GST law instead of multipl
Effect of GST verses VAT, Service tax, CST & Excise duty on Real Estate Developer:-It is a great news that the GST has been tabled in our parliament but as per my analysis this is a not a good news for the public and the developer, when it comes
On 19th Dec'14, Hon'ble Union Finance Minister, Sh. Arun Jaitley presented Constitution(122nd Amendment) Bill,2014 which focused on the introduction of GST in Indian economy. The following is the gist of amendments proposed by this bill: &bul
Seeking to create a seamless and common market for Goods and Services across the Country, Finance Minister Mr. Arun Jaitley presented the Constitution (122nd Amendment) Bill, 2014 on Goods and Services Tax (GST) in Lok Sabha on Friday,
Dear Professional Colleague, Union Cabinet approves GST Constitution Amendment Bill The Union Cabinet, on Wednesday, December 17, 2014 has approved the Constitutional Amendment Bill on Goods and Services Tax (GST), taking a step towards
If there is most discussed and delayed tax reform in India,it is GST (Goods and Service Tax).Although many are aware of what GST is all about and advantages associated with it, there are still latent facts which you may not be aware of.We will discus
After coming back from my weeklong travel for work, I resumed morning walk at our condominiums park in Gurgaon. Fully grown magnolia trees with white waxy flowers, flat trimmed bushes, green grass that had recently undergone horticulture maint
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
