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Gst

03 July 2015

if gst becomes applicable now, will it be applicable to ipcc nov 15 attempt??? if not y? can understand that 6 months period but if those indirect taxes are not applicable then what is the reason behind studying it?

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2 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 03 July 2015

If GST is implemented even now, it is effective only from Apr 1, 2016. Till then provisions of all other relevant indirect taxes are applicable. Also GST cannot be implemented on retrospective basis.

Moreoever, if GST is not at all implemented, then we will have to continue with the existing laws only.