We are now at the horizon of the Constitutional Amendment and passage of the GST bill, which are now in its final stages. By far, the GST amendment will be the biggest step the country has taken in ensuring economic integration. While the draft law
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
The proposed GST law is the most important reform towards creating a single market in India. It can help to boost the India's GDP growth by 1 to 2 percent
The GST philosophy was based on seamless credit not only of all taxes but all taxes used for business without restriction. This is not so.
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.
There is a need of the system which can erode all such problems & can lead to the path which will simplify the taxation system & will give freedom from complex ..
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