GST Articles

GST Returns: Whether a Compliance Nightmare?

Madhukar N Hiregange 24 December 2015 at 11:07

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?

CA Raman Singla 21 December 2015 at 16:33

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

CA Prakhar Jain 14 December 2015 at 10:40

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

CA Ankit Gulgulia (Jain) 11 December 2015 at 10:53

“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

Jatin Grover 10 December 2015 at 10:24

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

ARPIT HALDIA 09 December 2015 at 11:15

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

Pritam Mahure 08 December 2015 at 16:58

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

Raghu veer teja 07 December 2015 at 10:49

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

GST rate recommended at 17-18%

Bimal Jain 05 December 2015 at 15:42

CEA led Panel recommends RNR at 17-18% and eliminating Additional Tax of 1% on inter-state supply of goodsBracing to roll out the new Indirect tax regime � Goods and Services Tax (�GST�) from April 1, 2016, the Central Government on

How key sectors will be affected with GST rollout?

CA Neha Gupta 03 December 2015 at 12:35

Will food products become dearer? Will Land and Real estate be kept under GST? Will Service providers be happy with GST? How Manufacturers would be affected? What�s going to be in case of Wo