Looking to the ongoing protests and non co-operation movements in the Parliament , the Implementation of Goods & Service Tax (GST) regime in India from 1st April 2016 is in doldrums.Since the factum is that once the GST Bill is passed from Rajya
INTRODUCTIONGST is the biggest reform proposed in the Tax Regime of our country after Independence. It is something that each of us must understand as it is going to affect our lives in a very significant manner.PRESENT INDIRECT TAX STRUCTUREFirst we
What is Goods & Service Tax � As Per Supreme Court of CanadaWhat is GST?The Supreme Court of Canada in a case of Reference re Goods and Services Tax had explained as to what is Goods & Service Tax .The important excerpts are reproduced
Introduction:-The Goods and Services Tax (GST) is the most awaited reformation in the indirect tax structure of India which is planned to be implemented w.e.f. April 1, 2016. It has been the most happening topic in the parliament since December 19, 2
Generally, GST consist three prime models:-1. Central GST-(CGST)2. States GST-(SGST)3. Dual GST� Non concurrent dual GST� Concurrent dual GSTCGST: - Under this option, the two levels of government would combine their levies in the form of a
On 6th May, 2015, GST bill was passed in Lok Sabha. As demanded, the bill was sent to the Rajya Sabha Select Committee headed by Shri Bhupender Yadav for review. Based on suggestions made by the Department of Revenue, State Governments, experts and
One of the crucial issue for successful implementation of GST relates to the determination of the GST rate. Since the GST is primarily intended as an exercise in reforming the consumption tax in India and not an e
As we all know that the govt. is keen on reforming the indirect tax regime in the country. Now why do I use the term ?reform??? I use it because it is going to completely change the way Indirect taxes are levied in our country. It is going to smoothe
Dear Professional Colleague,Highlights of Report on the GST Bill by Select Panel of Rajya SabhaWith the first day�s proceeding of the Monsoon session of the Parliament getting distressed, the Select Panel of the Rajya Sabha had submitted its Re
Introduction:GST stands for �Goods and Services Tax�, and aimed at creating a single, unified market that will benefit both corporates and the economy. It is an indirect tax that will lead to the abolition of all other taxes such as octro
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